I think the Jazz need to seriously consider acquiring a pick in this next year's lottery, whether that means tanking down to 30 wins or trading a promising young player for an apparent lottery pick.
Look at Minnesota last year. They were on track to nearly make the playoffs, but they did an about-face and got a lottery pick that they parlayed into Jimmy Butler. Even if they'd drafted Markanen, they'd have been in good shape. The Jazz need to look at that as a possibility.
If the Jazz can trade Favors and get a good first-round pick for him, they should make that move. They need to make a similar assessment of Hood. At a minimum, however, the Jazz need to turn Favors into a younger player with upside.