Photo: Utah Jazz/Twitter

The Utah Jazz are likely to renegotiate and extend Lauri Markkanen’s contract when he becomes eligible on August 6th. Markkanen, on an $18 million expiring deal, had his trade market explored by the Jazz.

The Sacramento Kings offered draft picks for Markkanen but switched to a sign-and-trade for DeMar DeRozan when the Jazz were non-committal. The Golden State Warriors are waiting for a decision on Markkanen but are ready to start the season with their current roster.

They recognize the need for a significant move, like acquiring Markkanen, to be contenders. Future picks from the Warriors appeal to the Jazz, who are interested in those picks in their discussions.