The New Orleans Pelicans have agreed to acquire Derrick Favors from the Utah Jazz.

The Utah Jazz were widely expected to part ways with Favors this offseason.

Ed Davis has agreed to a two-year, $10 million deal with the Utah Jazz.

Davis spent last season with the Brooklyn Nets.

Davis will fill some of the minutes that previously went to Derrick Favors.

Bojan Bogdanovic has agreed to a four-year, $73 million deal with the Utah Jazz.

The Indiana Pacers wanted to re-sign Bogdanovic.

Ricky Rubio has agreed to a three-year, $51 million deal with the Phoenix Suns.

Rubio was also strongly linked with the Utah Jazz.

The Utah Jazz are gaining momentum in their effort to sign Bojan Bogdanovic, league sources told Tony Jones and Shams Charania of The Athletic.

Sources also told The Athletic that the Jazz could have a "competitive offer" for Bogdanovic as early as Sunday. 

Bogdanovic averaged 18.0 points and 4.1 last season for the Pacers. 

Derrick Favors will enter free agency operating as though he is an unrestricted free agent, agent Wallace Prather told Shams Charania of The Athletic.

The Utah Jazz have a $17 million contract option on Favors with a July 6th guarantee date.

Favors has some level of versatility with his ability to play center and power forward.

Rudy Gobert has been named the 2019 NBA Defensive Player of the Year.

Gobert also won the award last season.

The Detroit Pistons and Memphis Grizzlies also discussed a Mike Conley trade with the Memphis Grizzlies before he was sent to the Utah Jazz.

The Pistons opted against sending two first round picks to the Grizzlies, sources tell Zach Lowe of ESPN. The Grizzlies likely would have had to take on Reggie Jackson in that scenario.

The Pacers also would not relinquish two first round picks and Aaron Holiday.

The Utah Jazz have agreed to acquire Mike Conley Jr. from the Memphis Grizzlies for Jae Crowder, Grayson Allen, Kyle Korver, the No. 23 pick in the 2019 NBA Draft along with a future first round pick.

The Jazz and Grizzlies also discussed a Conley trade at the deadline.

According to Chris Herrington, the first round pick owed to the Grizzlies is protected 1-7 and 15-30 (conveys 8-14) in both 2020 and 2021, protected 1-6 in 2022, 1-3 in 2023, and No. 1 protected in 2024 before converting to two seconds in 2025.

Ricky Rubio will be a top target by the Indiana Pacers in free agency, according to sources that spoke with Kevin O'Connor of The Ringer.

Rubio spent the past two seasons with the Utah Jazz.

The Pacers have Darren Collison and Cory Joseph as their incumbent free agent point guards.

Indiana has also discussed a trade with the New Orleans Pelicans for the No. 4 pick.