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We could say that it’s definitively over. But, the “all but,” according to league sources, comes from Utah’s desire to retain the top-eight protected 2026 first-round pick it owes the Oklahoma City Thunder. So, there is still a bit of losing business that needs to happen as we continue into the second half of this season.
Yossi Gozlan: Utah trading for Jaren Jackson Jr. eliminates their 2026 cap space, assuming they re-sign Walker Kessler. There isn't an attainable free agent better than Jackson Jr. this summer, so the Jazz use up their cap flexibility in a big move now.
Yossi Gozlan: Utah Jazz cap situation after acquiring Jaren Jackson Jr. It's easier to trade for him now while he's making $35 million. His salary balloons to $49 million next season. They still have plenty of tax space to take one bad money and picks with the John Collins trade exception.
The Memphis Grizzlies are trading former Defensive Player of the Year Jaren Jackson Jr. to the Utah Jazz in a significant trade that will involve three future first-round picks heading back to Memphis, a league source confirmed to The Athletic. The picks Memphis is receiving are a 2027 first-rounder (the most favorable between Cleveland, Minnesota and Utah), the Los Angeles Lakers’ 2027 first-rounder (top-four protected) and the Phoenix Suns’ 2031 first-rounder (unprotected), according to the source.
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NBA insider Marc Stein reported on the latest episode of the ALL NBA Podcast that the Charlotte Hornets, Brooklyn Nets and Utah Jazz are among the teams actively exploring minor trades as the deadline nears. According to Stein, the focus for these franchises is roster flexibility rather than pursuing major names. “Charlotte, Brooklyn, and Utah. Those are three teams that are all very willing to take up and do the kinds of trades that you suggested,” Stein said. “The Nuggets have to make a move like that. If the Raptors don’t make a big move they still have to shed some salary to get under the tax. You've got a variety of teams that want to create roster room so they can convert two way players to standard contracts.”
Tony Jones: League sources: Utah’s move for Jaren Jackson Jr will not affect the Jazz’ interest in keeping Walker Kessler long term. The Jazz are doing this envisioning JJJ/Lauri/Kessler frontcourt
Shams Charania: The Jazz make a major swing for Jackson and team him with Lauri Markkanen, Keyonte George, Walker Kessler and more. The move signals a full rebuild for the Grizzlies around its promising young core and now as many future first-round picks as any team in the NBA.
Jake Fischer: The Utah Jazz are trading their most favorable 2027 first-round pick (Cleveland/Minnesota/Utah), the Lakers' 2027 first-round pick, and Phoenix's 2031 first-round pick to Memphis, source says, to pry Jaren Jackson Jr. from the Grizzlies.
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Andy Larsen: All of these players were at Jazz shootaround this morning, definitely DID NOT see this coming.
BREAKING: The Memphis Grizzlies are trading star forward Jaren Jackson Jr., John Konchar, Jock Landale and Vince Williams Jr. to the Utah Jazz for Walter Clayton Jr., Kyle Anderson, Taylor Hendricks, Georges Niang and three future first-round picks, sources tell ESPN. pic.twitter.com/ax6oQpZx0S
— Shams Charania (@ShamsCharania) February 3, 2026
Sources say there has been some preliminary conversation between the Cavaliers and Hornets about Ball trade constructions that could furnish Charlotte with second-round draft capital and thus enable the Hornets to pair the elder Ball with his younger brother LaMelo. Charlotte, Brooklyn and Utah, according to league sources, are all teams that have been looking to facilitate multi-team trades or take on unwanted salary in exchange for draft pick compensation.
The NBA’s trade deadline is Feb. 5, which means there’s just over a week remaining for the Utah Jazz to make any moves until the offseason. At this point, don’t expect any major ones. Jazz executives are expecting a quiet deadline period for the team as they move forward in their rebuild — they’re not expected to be major buyers or major sellers in this window.