"We are thrilled to have Kyle remain with the Jazz," O'Connor said in a team-released statement. "We appreciate him as both a person and a player and are pleased he has shown a commitment to this organization."
Korver now will become an unrestricted free agent in 2010, when many NBA teams expect to have more summer shopping money than this offseason — unless, that is, he negotiates a contract extension with the Jazz later this summer.
Korver played 78 games last season, averaging 9 points and 24 minutes, despite being bothered by the wrist most of that time.
Acquired in a December 2007 trade from Philly for shooting guard Gordan Giricek and a future first-round draft pick now owned by Minnesota, Korver also hit 38.6 percent from 3-point range while making a team-high 103 treys last season.
Korver's return puts the Jazz's payroll — for now, and counting nine players, including soon-to-sign rookie Eric Maynor — at $52,250,757.
That's below the NBA's projected salary cap of $57,300,00 to $58,600,000 for next season, but leaves the Jazz less than $13 million for four players — including Okur and Millsap — without exceeding the league's projected luxury-tax threshold of $70 million to $72 million.
And if Boozer returns, they'd be right around $65 million — even without deals for Millsap, Okur and a required 13th player.
If they brought Okur and Millsap back nonetheless, and Boozer indeed didn't opt out, that could push their payroll upwards of $85 million — and would mean Utah, unless it later dumped salary via trade, would owe the NBA a whopping $13 million to $15 million in tax penalty for exceeding the threshold.
Under-the-threshold teams would divvy the windfall, and the Jazz would not get a share of the tax collections, which amount to millions per team.
Millsap's camp, meanwhile, spent Monday in wait-and-see mode — and wishing they knew what sort of offers are coming.
"But you can't really, because that's the nature of the business," said Millsap's representative and uncle, DeAngelo Simmons. "Because with the deadline, and not being allowed to talk to other teams yet, it's one of those things (you can't avoid)."
According to one NBA agent not representingy Millsap, however, Oklahoma City "will make Paul a big offer."
Also impacting Millsap's situation is Milwaukee's decision Monday to not make a qualifying offer to veteran Charlie Villaneuva, making him an unrestricted free agent rather than restricted.
That adds one more unrestricted forward to this summer's market, which could affect restricted types such as Millsap and New York's David Lee.
The biggest decision influencing Millsap's fate, however, is Boozer's.
Should he not opt out, it could kink the Jazz's plan to either re-sign Millsap or match any offer sheet he signs with another team.
"It's not comforting," Simmons said late last week, "that it's left up to somebody else. But it is what is."
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