Jazz to acquire Steve Novak
The Raptors also will send a future second-round draft pick to the Jazz, who will ship guard Diante Garrett to Toronto. The trade cannot become official until the league's moratorium lifts Thursday.
Novak appeared to confirm the trade on Twitter, writing:
I want to thank the @Raptors 4 being a top class organization. My teammates were awesome & the fans showed that Toronto is a basketball city- STEVE NOVAK (@stevenovak16) July 5, 2014
Yahoo! Sports first reported the agreement earlier Friday.
The website said Garrett, who has a nonguaranteed $915,000 deal for 2014-15, will be waived by the Raptors after the deal is official. The two-year veteran out of Iowa State averaged 3.5 points in 14.8 minutes per game for the Jazz last season.
More from ESPN.com
The Raptors are able to breathe easier under the luxury tax after offloading Steve Novak's salary to the Jazz, Kevin Pelton writes. Story
Novak, who has played for six teams in an eight-year career, has averaged 5.0 points per game and 43 percent from 3-point range for his career.