According to NBA insider Jake Fischer, Clarkson reportedly gave back around $3.6 million in his buyout with the Jazz. "Jordan Clarkson gave back roughly $3.6 million in his Utah buyout, sources say, about the same veteran's minimum amount the veteran guard is expected to earn when he signs with New York upon clearing waivers," Fischer wrote.

SALT LAKE CITY (June 30, 2025) – The Utah Jazz and guard Jordan Clarkson have reached an agreement to buy out his contract, and the team has waived Clarkson.

Clarkson is finalizing a buyout with the Jazz for the final year of his contract, the Deseret News confirmed Monday. A number of teams have expressed interest in the 33-year-old guard, but league sources have indicated that the New York Knicks are the likely landing spot for Clarkson following the buyout.