The Utah Jazz reportedly traded veteran center Derrick Favors and a future first-round pick to the Oklahoma City Thunder on Friday in exchange for a future second-round pick, per ESPN's Adrian Wojnarowski. 

Utah creates financial flexibility with the deal by removing Favors' three-year, $29.2 million contract from its books. He's set to carry a $9.7 million cap hit for the 2021-22 season.

The 30-year-old had a solid season for the Jazz in 2020-21, averaging 5.4 points, 5.5 rebounds and a block per game in 68 total appearances. He was relegated to a role off the bench and appeared in just 15.3 minutes per contest, serving as a solid backup for defensive stalwart Rudy Gobert.