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Jazz guard Kyle Korver notified the team Monday afternoon that he will not opt out of his contract to become a free agent.
Korver will make $5.2 million for the upcoming season, his third with the Jazz after arriving in a December 2007 trade from Philadelphia for Gordan Giricek.
Korver averaged 9.0 points and shot 38.6 percent from three-point range last season.
His preference had been to stay in Utah, and he could revisit extension talks with the Jazz later this summer.
