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.

On Monday afternoon, Charania confirmed a report from the Deseret News: Clarkson is likely to sign with the New York Knicks once he clears league waivers. Theoretically, any team with the cap space to pick up Clarkson’s contract could choose to pick it up, but that is unlikely to happen given Clarkson’s $14.3 million salary for next season.