Yes. They can keep carroll doe
In fact we could try trading favors to other teams for picks and/or players even.
I don't think the Raptors are the only option for a favors trade. (I'm not against trading favors as you can see. I just don't like that particular favors trade)
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We have to take Carroll dude. The point of the deal for Toronto is they will be heavily into the LT if they keep their core intact. Favors gives them cap relief. That's the point of the deal on their side. They dont actually want Favors.
No one is going to give us Favors for anything great. Anyone trading for Favors is going to be trading primarily for the expiring contract and giving us back a less than stellar contract with more years on it that the Favors contract. So if you want to find landing spots for Favors, you have to look at teams who want to cut salary. I dont think there is a better contract to trade off for than Carroll.
You could also look at Phoenix, who might really want to get out of Brandon Knight, but Knight has 3 years left on his deal compared to 2 for Carroll (not to mention we probably cant get a 1st rounder from Phoenix). Knight would also want more minutes where Carroll has a good relationship in SLC and with Snyder and should be able to fill a role much better.