Gordon Hayward, Utah Jazz in talks on contract extension

The Utah Jazz remain in talks with swingman Gordon Hayward on a contract extension, according to sources close to the process.

The Jazz already have struck a deal with big man Derrick Favors and have until 11:59 p.m. ET on Oct. 31 to come to terms on an extension with Hayward or see the player become a restricted free agent in July.

Sources told ESPN.com that Hayward remains likely to land an extension before the deadline and indicate Hayward's deal could still wind up worth more than Favors' contract, given the strong interest leaguewide in the former Butler star.