Paul Millsap is staying put in Utah.
The Jazz matched the Portland Trail Blazers' $32-million US offer for the restricted free agent on Friday, signing Millsap to a new four-year deal.
Portland had guaranteed $10.3 million up front for the forward, and Utah was willing to match it to keep Millsap.
"Keeping Paul on our roster was one of our main goals this off-season," general manager Kevin O'Connor said in a news release Friday. "We look forward to watching him play a key role on this team for many years to come."
The Jazz had seven days to equal the offer made by the division rival Trail Blazers, and waited the full week before the official announcement on Friday.
Millsap, 24, stepped in for injured starter Carlos Boozer last season, averaging a career-high 13.5 points, as well as 8.6 rebounds and 30.1 minutes in 76 games.
Boozer missed 41 games with a knee injury and will likely be traded to lower Utah's player payroll. With the addition of Millsap's salary, it currently stands at more than $80 million US.
Boozer told a Chicago radio station this week that he and the Jazz had worked out a trade for next season, though the team has yet to confirm or comment on Boozer's future.
A 52.3 per cent shooter as a pro, Millsap has averaged 9.4 points, 6.4 rebounds, 1.2 assists and 22.8 minutes in 240 NBA games since he was drafted by Utah in the second round (47th overall) in 2006.