The Utah Jazz were unable to agree upon a contract extension with George Hill.
The Jazz could have given Hill the remainder of their cap space this season and an extension of up to three years with annual raises of 7.5 percent.
The best offer Utah could make to Hill is for $88.3 million to be committed to the Jazz through the 2019-20 season, which computes to a three-year, $74.7 million extension plus $13.6 million this season.
The Jazz remain interested in re-signing Hill in the offseason. Hill was advised he can get a much better deal on the open market than he could at this time with an extension.