The Utah Jazz have submitted a formal bid to host the 2022 or 2023 NBA All-Star Game.

Vivint Smart Home Arena recently underwent an extensive series of renovations. 

“On behalf of the State of Utah, we are committed to the hard work of bringing the NBA All-Star Game to Salt Lake City,” said Gov. Gary R. Herbert. “We know this about the Miller family, Utah Jazz organization, and our state -- the NBA All-Star Game will be above the rim and the NBA family will fall in love again with the great people of our state.”

“We are very excited and well prepared to bring back the NBA All-Star Game to Vivint Smart Home Arena,” said Salt Lake City Mayor Jackie Biskupski. “We are a vibrant, diverse and culturally rich community that knows how to celebrate the experience of sport. Our 2002 Olympic Winter Games remain the standard against which all other Olympic Winter Games are measured." 

The 2023 All-Star Weekend would be the 30th anniversary of the 1993 game in Salt Lake City when Karl Malone and John Stockton were the co-MVPs.

“The 1993 NBA All-Star Game was memorable for many reasons. Our new arena was just two years old, and we were so proud to welcome the NBA family into our new home,” said Greg Miller, NBA Board of Governors member. “It is with great excitement and anticipation that we now invite the NBA to return this celebration of our sport back to Salt Lake City for a game elevated.” 

Donovan Mitchell defeated Larry Nance Jr. to win the 2018 Slam Dunk Contest.

Donovan Mitchell with a Vince Carter homage. pic.twitter.com/no8vWRwgSK

— RealGM (@RealGM) February 18, 2018

Nance received a 50 on his final dunk with a double tap off the backboard.

Larry Nance Jr. with a double tap off the glass for a 50. pic.twitter.com/yNKOOllRxC

— RealGM (@RealGM) February 18, 2018

But Mitchell had also received a 50 on his first dunk.

Donovan Mitchell with another 50 catching it low for the dunk. pic.twitter.com/BydtG4g8Gt

— RealGM (@RealGM) February 18, 2018

Jae Crowder had a productive first game with the Utah Jazz in their 115-96 win over the Blazers.

Crowder seems to be happy with the Jazz following his trade from the Cavaliers.

"I got back to having fun playing basketball with a great group of guys," said Crowder. 

"I love playing within a system. It'll be fun."

The Utah Jazz will sign Naz Mitrou-Long on a 10-day contract.

Mitrou-Long was waived by the Jazz from his two-way contract in January.

Ricky Rubio suffered a hip injury on Friday.

Boris Diaw has received interest from several playoff teams about a contract.

Diaw has an NBA out in his deal with Paris-Levallois.

Diaw played for the Utah Jazz last season.

The Cleveland Cavaliers have acquired Rodney Hood and George Hill in a three-way trade with the Utah Jazz and Sacramento Kings.

The Cavaliers will send out Derrick Rose and Jae Crowder to the Jazz. The Jazz will likely release Rose, according to Shams Charania.

Joe Johnson will be routed to the Kings, as will Iman Shumpert.

Sacramento will also receive Miami's 2020 second round pick plus over $3 million in cash.

The Denver Nuggets and Utah Jazz have held trade talks involving Wilson Chandler and Joe Johnson.

Chandler has a $12.8 million player option for the 18-19 season.

Johnson is on a $10.5 million expiring contract.

The Nuggets and Jazz worked together on a draft day trade last June.

The New York Knicks remain the NBA's most valuable franchise for the third straight season, according to Forbes' annual report.

The Knicks are valued at $3.6 billion, which is an increase of nine percent from 2017.

The Los Angeles Lakers rank second at $3.3 billion, an increase of 10 percent.

The Golden State Warriors, Chicago Bulls and Boston Celtics round out the top-5.

The average NBA franchise is now worth a record $1.65 billion, up 22% over last year, and more than triple the figure of five years ago. 

Every NBA team is valued at $1 billion or more for the first time in league history.

“Investor interest in the NBA is enormous right now,” said Forbes’ senior editor Kurt Badenhausen, “thanks to the league’s strong current economic environment, as well as the international growth prospects, which are the best of any major U.S. sports league.”

1. Knicks: $3.6 billion (+9%)
2. Lakers: $3.3 billion (+10%)
3. Warriors: $3.1 billion (+19%)
4. Bulls: $2.6 billion (+4%)
5. Celtics: $2.5 billion (+14%)
6. Nets: $2.3 billion (+28%)
7. Rockets: $2.2 billion (+33%)
8. Clippers: $2.15 billion (+7%)
9. Mavericks: $1.9 billion (+31%)
10. Heat: $1.7 billion (+26%)
11. Spurs: $1.55 billion (+32%)
12. Raptors: $1.4 billion (+24%)
13. Kings: $1.375 billion (+28%)
14. Wizards: $1.35 billion (+35%)
15. Cavaliers: $1.325 billion (+10%)
16. Blazers: $1.3 billion (+24%)
17. Suns: $1.28 billion (+16%)
18. Thunder: $1.25 billion (+22%)
19. Magic: $1.225 billion (+33%)
20. Jazz: $1.2 billion (+32%)
21. 76ers: $1.18 billion (+48%)
22. Pacers: $1.175 billion (+34%)
23. Hawks: $1.15 billion (+30%)
24. Nuggets: $1.125 billion (+26%)
25. Pistons: $1.1 billion (+22%)
26. Bucks: $1.075 billion (+37%)
27. Wolves: $1.06 billion (+38%)
28. Hornets: $1.05 billion (+35%)
29. Grizzlies: $1.025 billion (+30%)
30. Pelicans: $1 billion (+33%)

Derrick Favors is on the trade market as an expiring contract at $12 million ahead of the deadline.

The Utah Jazz are unlikely to re-sign Favors long-term due to the presence of Rudy Gobert.

However, there are a dearth of teams willing to give up an asset for Favors as a rental.

The Utah Jazz have received interest on Rodney Hood from the Thunder, Bulls and Pistons.

The Nuggets and Magic have shown a passing interest in Hood.

Hood will be a restricted free agent this offseason.

The Jazz would like a first round pick for Hood.