Jordan Clarkson is staying in Utah, at least for now.

The Utah Jazz guard will exercise his player option to remain on the Utah Jazz roster through the 2023-24 season, according to league sources.

Though many expected the 31-year-old shooting guard to decline his player option in order to enter free agency, this move allows the Jazz and Clarkson a clear path to a contract extension that could keep Clarkson in Utah long term.

However some sources have indicated that they believe an extension for Clarkson could become part of a trade that would see him moved to a different team.

Clarkson could have declined his option and entered free agency, which opens Friday at 4 p.m. MDT, but instead is set to earn $14.2 million next season.

Clarkson has been with the Jazz since the back half of the 2019-20 season. In 2021 he earned NBA Sixth Man of the Year honors.

This past season, Clarkson started 61 games for the Jazz and averaged a career-best 20.8 points and 4.0 rebounds per game. He shot 44.4% overall from the field, 33.8% from 3-point range and 81.6% from the free-throw line.

Clarkson has long maintained that he loves playing in Utah and wanted to return, so long as it was a decision that made financial sense.

The Jazz also guaranteed the contract of Kelly Olynyk on Thursday, league sources confirmed to the Deseret News, which means the Jazz will have roughly $14 million in cap space to work with for the upcoming season.

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Though Clarkson has expressed his desire to remain in Utah, the move also allows the Jazz the option of trading Clarkson, whether on an expiring deal or on a extended contract.

Earlier this week, a pair of player movements were already reported for the Jazz.

Utah is trading Rudy Gay and a future second-round draft pick to the Atlanta Hawks for power forward John Collins. That trade can’t become official until July 6.

Talen Horton-Tucker is exercising his player option — an $11 million deal — and will stay with the team, according to ESPN’s Brian Windhorst.

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