Reports: Jazz preparing offer in bid to retain Mike Conley

The Utah Jazz are preparing to make a run at retaining point guard Mike Conley, who is about to become an unrestricted free agent.

Reports peg Utah’s offer to be an estimated $75 million over three years for Conley, who was named an All-Star for the first time in his career last season.

However, Conley was limited to just 51 games due to multiple hamstring injuries. He sustained another hamstring injury during the postseason.

Conley, who turns 34 in October, averaged 16.2 points, 6.0 assists and 3.5 rebounds last season.

Conley has spent two seasons in Utah after being a stalwart of the Memphis Grizzlies for 12 seasons. He made $34.5 million last season in that final campaign of a five-year, $152.6 million deal he signed with the Grizzlies.

Utah is weighing the offer for Conley as part of its quest to keep its top three players intact after posting the top record (52-20) in the NBA last season. Fellow All-Stars Donovan Mitchell and Rudy Gobert are the club’s leading players.

The Jazz reduced some payroll earlier Friday by shipping veteran power forward/center Derrick Favors to the Oklahoma City Thunder. Favors is owed roughly $19.9 million over the next two seasons as part of a three-year, $29.1 million deal he signed last November.