Everyone's happy about Derek Favors' contract extension

Published: Sunday, Oct. 20 2013 10:50 a.m. MDT

Utah Jazz power forward Derrick Favors (15) drives to the basket as Portland Trail Blazers center Meyers Leonard (11) defends in the second half of a game at the Energy Solutions Arena on Wednesday, October 16, 2013.

Matt Gade, Deseret News

SALT LAKE CITY — Derrick Favors was happy. Tyrone Corbin was happy. Dennis Lindsey was happy.

They were all at the Zions Bank Basketball Center Saturday to talk about Favor’s new four-year contract extension after a morning practice. While announcing the signing, the Jazz didn’t release terms of the agreement, although some media reports put the number at $49 million over four years.

“I’m excited right now,’’ Favors said. “I’d like to thank the Miller family for believing in me and giving me this extension and thank the Jazz organization, the coaches, the fans, the media — everybody. It’s a dream come true.’’

Corbin echoed Favors, saying he was excited about locking up his young forward for the next five years (this year and the four-year extension).

“I’m excited for him, I’m excited for the organization,’’ said Corbin. “He’s a great young player who has demonstrated himself well and continued to grow his game. We’re excited to continue have him as part of the Jazz family.’’

Lindsey sort of apologized for the timing of the announcement on the morning of a college football Saturday and said a more formal announcement would come later.

“We had a willing and motivated partner in Derrick and (agent) Wallace Prather and we just grinded our way through this,’’ he said. “We feel good with the result. This is a happy day for us.’’

Favors was the third overall pick by New Jersey in 2010 after his freshman season at Georgia Tech. However, he was traded to Utah later that season in a deal that sent Deron Williams to New Jersey.

Favors said he didn’t feel any pressure to get the extension signed and said he let his agent take care of everything.

Calling it “a big relief,’’ Favors said he looks forward to being in Utah for at least the next five years and joked, “I don’t have to buy no boxes for moving no more.”

He also talked about why he likes living in Utah and said he hopes to retire as a Jazzman.

“The main thing I like about Salt Lake City is that it’s peaceful,’’ he said. “It’s not loud with a lot of stuff going on. You can go home and get peace of mind. I hope to make this my home and I hope to retire here.’’

WHAT ABOUT GORDON?: Now that Favors has signed, what about Gordon Hayward?

Neither Corbin nor Lindsey would say much about the possibility of a new contract for Hayward before the season.

“(Gordon) is happy for Derrick and he understands his situation is what it is and there’s talks going on and hopefully things get worked out,” he said. "We love both guys and hope everything will get worked out so we can keep the guys here and that’s how we’re approaching it.’’

“The comment that we had for both guys in the preseason will hold true,’’ said Lindsay. “We’re hopeful and beyond that we won’t comment on negotiations.’’

MORE OFFENSE: The Jazz are halfway through their preseason schedule, but they’ll fit their final four games in this week with a game Sunday in Oklahoma City and three games in the Los Angeles area this week.

Corbin has been pleased with his defense so far, but wants to see an improvement on the offense this week.

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