According to Utah's Executive Vice President of Basketball Operations Dennis Lindsey, neither Favors or Exum was asked nor offered during the negotiations with the Grizzlies for Conley.
— Spence Checketts (@spencechecketts) September 10, 2019
The Jazz traded Jae Crowder, Kyle Korver, Grayson Allen, the No.23 pick in the 2019 NBA Draft and a 2020 first-round pick to acquire Conley from the Grizzlies. Before pulling off the trade, however, there were reports that Memphis wanted to get Favors or Exum.
Before the February trade deadline last season, Memphis reportedly also wanted Exum to be part of any potential deal for Conley. Nonetheless, the Jazz were said to be unwilling to move the Asutalian backup guard that time. Moreover, Utah made it clear this offseason that Favors is not on the table for the deal.
In the end, Exum stayed with the Jazz. Meanwhile, Favors was traded to the New Orleans Pelicans in exchange for two second-round picks.
The Jazz figure to be legitimate title contenders with Conley in the fold. On the other hand, by trading their longest-tenured player, the Grizzlies officially entered rebuild mode as they develop their core of Ja Morant and Jaren Jackson Jr.