Deron Williams isn't going anywhere, though.
Utah exercised its option for the third season of Williams' rookie contract, at a salary of $4,010,640, on Monday, but the team declined the fourth season of Araujo's deal for $3 million, making him an unrestricted free agent at season's end.
"We will evaluate him this season, and can offer him a contract next summer," said Jazz senior vice president of basketball operations Kevin O'Connor, who delivered the team's decision in person after Monday morning's practice. "He's worked awfully hard."
Araujo, selected eighth by Toronto in the 2004 draft, was acquired in a June trade for Kris Humphries. The decision "doesn't matter to me," the former BYU center said. "What's important is making myself better. If I do that, the money will take care of itself."
As for Williams, selected third in the 2005 draft, the extension was such a foregone conclusion, "we didn't really have a discussion at all," O'Connor said.