Jerebko’s 2018/19 salary was still non-guaranteed, but would’ve become fully guaranteed if Jerebko had remained on Utah’s roster through Monday. As a result of the move, the Jazz will clear the forward’s full $4.2MM cap hit from their books.
The move comes as a bit of a surprise, since Jerebko had a solid season as a reserve for the Jazz in 2017/18. In 74 games (19 starts), the 31-year-old averaged 5.8 PPG on .466/.414/.807 shooting, stretching the floor from the power forward spot.
Waiving Jerebko won’t free up any cap room for the Jazz, but it’ll create more breathing room below the tax line, perhaps opening up an opportunity for the team to use a chunk of its mid-level exception.
Utah’s offseason so far has been primarily focused on bringing back incumbent free agents, with Derrick Favors, Dante Exum, and Raul Neto inking new deals. Thabo Sefolosha had his 2018/19 salary guaranteed, and the Jazz will still need to make a decision on Ekpe Udoh, whose $3.36MM would also become guaranteed next week.