Is Paul Millsap Slipping Away from the Utah Jazz?

Brandon RibakSenior Writer IJuly 14, 2009

CHARLOTTE, NC - NOVEMBER 14:  Paul Milsap #24 of the Utah Jazz waits under the basket during the game against the Charlotte Bobcats on November 14, 2008 at Time Warner Cable Arena in Charlotte, North Carolina.  The Bobcats won 104-96.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images)

Last Friday, the Portland Trail Blazers signed restricted free-agent power-forward Paul Millsap to a deal that purposely created problems for the Utah Jazz if they attempted to re-sign him.

"They gave Millsap a $5.6 million signing bonus and agreed to pay him $4.7 million of his first-year, $6.3 million salary the day the contract becomes effective.

So a week from now, Millsap would receive $10.3 million. Add to that the $1.6 million that will be spread throughout next season and Millsap, who was paid just $797,581 last season, will be paid $11.9 million this year. The remaining $20.1 million will be spread over the final three years of the deal."

With that in mind, the Jazz are now going to be forced to pay Millsap the exact amount of money that the Blazers are planning on giving the young star, plummeting Utah even more into the luxury tax.

Rumors have circulated throughout the league about Carlos Boozer wanting to be dealt out of Utah, but nothing has heated up to an agreement as of yet.

The Jazz have a few options that they can flirt with before the July 17th, one week deadline.

 

1. Trade Boozer

The Utah Jazz organization are intensely searching for a trade partner to get rid of Carlos Boozer as we speak. Since not many teams have a large amount of salary cap space this offseason, it seems more and more likely that a deal might not be made by Friday (unless a three-way deal is pulled out at the last minute)

Dealing away Boozer would give the Jazz an opportunity to re-sign Millsap without painfully going severely over the luxury tax.

 

2. Get a Loan

According to the Salt Lake Tribune, the Utah Jazz could be receiving a short-term bank loan to pay for the immediate payments owed to Millsap with his new hefty contract.

The loan would enable the Jazz to re-sign Millsap, which is certainly their top priority during this nerve-racking week.

 

What will the Jazz do?

You can expect either a big deal involving Boozer to be made within the next few days or a painful re-signing of Paul Millsap by the Jazz, with or without the bank loan.