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Derrick Favors will remain with the Utah Jazz.

The Deseret News has confirmed that the power forward will sign a two-year deal with the team.

The Undefeated's Marc Spears first reported the news. Yahoo's Shams Charania reported that the deal is for $36 million over the two years.

Free agent Derrick Favors has agreed to a two-year, $36M-plus deal with the Utah Jazz, agent Wallace Prather tells Yahoo.

— Shams Charania (@ShamsCharania) July 2, 2018

The 6-foot-10 Favors is the longest-tenured Jazzman, having been with the team for eight seasons.

???????????????? DINNER ON YOU FAVE!!! Congrats brotha let's work! https://t.co/bFpiKG8dtY

— Donovan Mitchell (@spidadmitchell) July 2, 2018

This story will be updated.

Full Story from the Deseret News...
The Utah Jazz will not waive Thabo Sefolosha and will guarantee his contract for the 18-19 season.

Sefolosha signed a two-year, $10.5 million deal with the Jazz last offseason.

Sefolosha will make $5.25 million next season.

Full Story from RealGM...
Reviewing the first night of the Utah Jazz’s free agency.

Sometimes it’s better just to get a good night’s rest and see where the chips fall in the morning. That was the Utah Jazz’s strategy while the NBA was going madhouse with almost 20 deals made—who says you can’t tamper?—just after midnight eastern. The Utah Jazz have a few meetings setup and it’s worth looking at what’s going on today?

Full Story from SLC Dunk...
Dennis Lindsey joined “The Big Show” on Friday afternoon to provide the “Utah Jazz Insider Report” as the general manager and company was putting the finishing touches on their pitches for free agents, including Derrick Favors, Dante Exum, and Raul Neto.

"We had a good year, and our 3 incumbent free agents, for lack of a better description, had a lot to do with that, especially when healthy."

— Austin Horton (@austinhorton) June 29, 2018

"Look, we win a lot of games on the value and production that Rudy and Derrick give us at the five. It's not only Rudy but the other 14 minutes Derrick gives us where we're holding leads or taking leads." -DL

— Austin Horton (@austinhorton) June 29, 2018

Other dates for Jazz player contracts:
Thabo- July 1, DL says "he's healthy and doing well"
Jerebko and Udoh- July 9th

Lindsey: "We have some optionality. We're going through all those iterations and we will hold those conversations close to the vest."

— Austin Horton (@austinhorton) June 29, 2018

What Lindsey wants to see out of his team at summer league(s):

"As always play Utah Jazz basketball. Defend great, share the ball, put the team first. There's a lot of ways you can make the Utah Jazz a better team."

— Austin Horton (@austinhorton) June 29, 2018

"It doesn't take a trained eye to see his body has developed, and he's kept his speed post ACL surgery. So we're excited about him and the meeting we're going to have with him, and we're confident in our projections that he's going to be a very good NBA player." -DL...​

SALT LAKE CITY — Grayson Allen arrived in Salt Lake City early Wednesday after spending nearly a week in his hometown of Jacksonville, Florida.

His phone has been ringing off the hook for the past six days since being taken No. 21 in the NBA Draft, from family, friends, former coaches and peers wishing him the best of luck as a member of the Jazz.

"It took me a couple days to reply back to everyone but it's just a good feeling to feel all the support from everyone around you," Allen admitted.

Full Story from the Deseret News...