The absence of good young talent will soon hurt Utah. You can't continue to pay $10-$15M for vet backups. As it stands, there's little chance Utah can keep Hood, Favors AND Exum. And there's a slim chance Utah could replace one of them vis free agency. It's pretty tough to get far enough under the cap without basically renouncing everyone except the guaranteed guys (Gobert, Mitchell, Ingles, Bradley, Burks). Then, if Utah did sign a good FA, there's very little money left over to replenish the roster (since Bird rights are gone for the FA's renounced).
Hood has a relatively cheap cap hold. Favs and Exum are high. TBH, I could see Utah letting Favs and Exum go IF another FA can be found. Then they re-sign Rodney.