Jazz to renounce rights to Paul Millsap following trade with Warriors, per report

Jerome Miron-USA TODAY Sports

The Jazz cleared the cap hold Paul Millsap put on their salary.

The Utah Jazz will renounce rights to forward Paul Millsap, according to TNT Analyst David Aldridge.

The Jazz absorbed $24 million in expiring contracts from the Golden State Warriors while sending out only Kevin Murphy's $788,000. In order to make the deal while staying under the salary cap, the Jazz needed to clear Millsap's $11 million cap hold.

This does not rule out a return for Millsap, but makes it highly unlikely. The Jazz have roughly $9 million in salary cap space after absorbing the expiring contracts of Richard Jefferson, Andris Biedrins and Brandon Rush. Millsap made $8.6 million last season. He was the team's second-leading scorer (14.6 points per game) and rebounder (7.1 rebounds per game).

Utah drafted Millsap in the second round of the 2007 NBA Draft. Frontcourt mate Al Jefferson just signed a three-year contract with the Charlotte Bobcats, and the Jazz have youth at both center and power forward to develop as they move forward.

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