Waited and waited and waited to see what the Jazz were going to do about a team that has shown through an ample sample size now that it is not good enough to authentically contend in the West.
As indications — OK, rumors — swirled that they might add to the strength of the team, giving up some value in players to get better ones, the Jazz figured some combination of the asking price/taking price/contract price was too steep to consummate a deal.
It takes, after all, at least two willing, semi-reasonable partners to make a trade, although they may be coming from completely different corners of the competitive spectrum.