Utah declined the team option on Gray's contract Monday, per Tony Jones of The Athletic.
Although he no longer has an NBA deal, Gray will remain with Utah for Summer League action. The Jazz will evaluate the second-year guard afterwards, but he may have to settle for an Exhibit 10 deal elsewhere.
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Jazz's Bez Mbeng: Team option declined
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The Jazz declined Mbeng's team option for 2026-27 on Monday, Tony Jones of The Athletic reports.
Mbeng played a pivotal role for the Jazz, who were shorthanded due to tanking, down the stretch of the 2025-26 season, but the franchise opted against bringing him back. He will play for the Jazz during the Summer League, however.
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Jazz's Tamar Bates: Plans to sign with Utah
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Bates (foot) intends to sign a two-way contract with the Jazz, Michael Scotto of USA Today reports Friday.
Bates joined the Nuggets on a two-way contract last July and underwent surgery to repair a fractured left foot in December before being waived in March. He'll now join the Jazz, though the 23-year-old will likely spend most of his time with their G League affiliate, the Salt Lake City Stars. Over 13 appearances with the G League's Grand Rapids Gold last season, he averaged 19.5 points, 4.2 rebounds, 2.2 assists and 1.6 steals in 33.2 minutes per showing.
The Jazz's selection of Darryn Peterson with the No. 2 overall pick in the 2026 NBA Draft gives Jackson (knee) another high-end offensive creator to play alongside entering 2026-27.
Jackson appeared to fit seamlessly after arriving in Utah last season before a knee issue cut his campaign short, and he should remain a focal point of the team's frontcourt once healthy. Peterson's arrival could reduce some of the offensive burden on Jackson while allowing him to focus more heavily on his defensive impact. Assuming he enters training camp healthy, Jackson projects to remain one of Utah's most productive two-way players.
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Jazz's Lauri Markkanen: Jazz add around him
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Utah's selection of Darryn Peterson with the No. 2 overall pick in the 2026 NBA Draft should help ease some offensive pressure on Markkanen (hip).
The veteran forward has often carried a significant scoring burden during the rebuilding process, and the arrival of an elite shot creator could create more favorable opportunities. Markkanen remains the focal point of Utah's frontcourt, although trade speculation and the team's long-term direction could still influence his outlook.
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Jazz's Isaiah Collier: Reduced role incoming?
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Collier (hamstring) faces increased competition for backcourt minutes after Utah drafted Darryn Peterson with the No. 2 overall pick in the 2026 NBA Draft.
The second-year guard flashed strong playmaking ability during his sophomore campaign with 7.2 assists across 59 regular-season appearances, but Peterson is expected to assume a significant offensive role immediately. Collier could still maintain value as a secondary ballhandler, although his ceiling may depend on how the Jazz distribute minutes among their young guards.
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Jazz's Ace Bailey: Dip in usage coming?
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Bailey will enter his second NBA season playing alongside franchise guard Darryn Peterson, who Utah took with the No. 2 overall pick in the 2026 NBA Draft.
The pairing gives the Jazz a dynamic young offensive core, with Peterson's playmaking potentially creating easier scoring opportunities for Bailey and Keyonte George. While usage distribution remains uncertain, Bailey still projects as one of Utah's foundational building blocks. After the All-Star break, Bailey averaged 18.3 points, 4.9 boards and 2.0 dimes in 23 regular-season games.
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Jazz's Keyonte George: New backcourt partner coming
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The Jazz selected Darryn Peterson with the No. 2 overall pick in the 2026 NBA Draft, adding another high-level creator to their backcourt that already includes George (hamstring).
George remains an important piece of Utah's rebuilding effort, but Peterson's arrival could reduce his on-ball responsibilities after he served as one of the team's primary playmakers last season. The additional talent should improve the quality of George's opportunities, though his fantasy value may become more dependent on efficiency than volume. The Jazz are also projected to be much more competitive in 2026-27, bolstering their late-season outlook.
Peterson was selected by the Jazz with the No. 2 overall pick in the 2026 NBA Draft.
Peterson entered the collegiate ranks as one of the most highly touted recruits in the country and showed flashes of greatness during his lone season at Kansas. Recurring cramping issues occasionally impacted his availability, but the guard was a dynamic scorer when on the floor, averaging 20.2 points on 43.8 percent shooting from the field and 38.2 percent from beyond the arc to go along with 4.2 rebounds, 1.6 assists and 1.4 steals in 29.0 minutes per contest across 24 appearances. The 19-year-old primarily operated off the ball in college and therefore still has room to grow as a playmaker and ballhandler, but Peterson's pure scoring ability makes it easy to understand why he was selected at No. 2 overall and is viewed as a potential superstar. With the Jazz, Peterson will slot into the backcourt alongside emerging standout Keyonte George (hamstring) as Utah attempts to turn the corner on its rebuild.
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