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Utah Jazz to waive Raul Neto to create cap space for the Conley trade, according to report

In order to bring in the new, the Jazz have had to lose some of the old.

While Derrick Favors was traded to New Orleans to open up cap space, it wasn’t quite enough to keep Raul Neto, it seems. On Monday, The Athletic’s Shams Charania reported that the Jazz will have to waive Neto in order to complete the trade for Mike Conley.

Neto, who was slated to make $2.1 million next season, now will go through the waiver process: every team with cap space will be eligible to make a claim on him.