According to a report by Yahoo Sports, the Jazz have traded for Toronto 6-foot-10 sharpshooter Steve Novak and a second round draft pick in exchange for point guard Diante Garrett.
Along with Novak and the two years and $7.2 million left on his contract, the Raptors will send a future second-round pick to Utah. The deal can't be completed until the league's moratorium ends on Thursday.
Garrett, Utah's primary backup to Trey Burke last season, became expendable when the Jazz drafted Dante Exum.
Novak, 31, gives the Jazz a three-point-shooting specialist whose career had taken a step back in limited minutes with the Raptors last season. Novak had played 20.3 minutes per game for the New York Knicks in 2012-13, but a trade to Toronto severely cut into his playing time and production last season.
The Jazz will be the 7th team Novak has played for. Drafted by Houston in 2006, Novak has also played for the L.A. Clippers, Dallas, San Antonio, New York and Toronto. His best season came in 2011-2012 when he averaged 8.8 points per game in the Knicks.
Novak is a career 43 percent 3-point shooter.