Jazz on the clock after Hayward, Hornets make deal official

Published July 10, 2014 3:50 pm
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

It's official.Gordon Hayward signed his offer sheet with the Hornets, the team announced early this morning. The Jazz will now have until the end of Sunday (9:59 p.m. MT) to match the offer worth about $63 million over four years.This means the possibility of a sign-and-trade is dead, as it could have only been completed before an offer sheet was signed.That, however, was never really an option for the Jazz, who appear set to match. Expect them to use all of their time in doing so, as it will tie up nearly $15 million of Charlotte's cap space during that time.This is a max deal and it will cost the Jazz more to keep Hayward now than if they had been able to reach an extension last fall.But for a little perspective on the numbers and the market right now, take at the other big restricted free agent offer sheet from overnight. The Dallas Mavericks have offered Chandler Parsons $45 million over three years, according to reports.We'll have updates on the Hayward story and any other free agency news throughout the day.We'll also have coverage from tonight's open practice at EnergySolutions Arena. That starts at 7 p.m. It's free to the public and the first 10,000 fans get free Dante Exum and Rodney Hood T-shirts.— Aaron Falk

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus