The Utah Jazz have agreed to a contract extension with Brazilian point guard, Raul Neto, according to a report from Shams Charania of Yahoo Sports. The two-year deal is worth $4.4 million.

The Jazz did not wait for another team to make an offer to the restricted free agent. Perhaps, Neto didn't have many potential suitors, but either way, the Jazz have re-signed their man.

Neto has spent all three of his seasons in the NBA with the Jazz. Neto has been mostly used off the bench during his time in Utah. The 26-year-old Brazilian brings added depth to the guard position for the Jazz. He can provide insurance in case of injury.

No doubt, Neto is on the lower end of the depth chart for Jazz head coach, Quin Snyder. Regardless, this is a smart move by the Jazz front office.

Every team in the NBA gets bitten by the injury bug sooner or later.

Neto is part of a crowded Utah backcourt that includes Donovan Mitchell, Ricky Rubio, Grayson Allen and Alec Burks. Not to mention, the Jazz may also decide to re-sign Dante Exum. The Jazz also recently re-signed Derrick Favors to a two-year $36 million dollar deal.

Utah looks to be keeping the same squad from last year. They advanced to the second round of the playoffs before bowing out to the Houston Rockets. Utah is facing a ridiculously stacked Western Conference with the recent additions in Los Angeles and Golden State.

But they're an up-and-coming team looking to improve on last year's performance. Competing for a championship looks unlikely next season, but they're positioning themselves for the future more than anything.