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Here's your breakdown of that:
I'm assuming the Jazz trade their first round pick, so there is no cap hold for that.
Roster of Gobert, Ingles, Exum, Crowder, Mitchell, Allen, Bradley is $63,883,666 (includes 3.4 million for waiving Kyle Korver)
Roster of the guys listed above plus Neto, Niang, Korver, and O'Neale is $73,169,903 (unguaranteeds)
Cap holds for Thabo, Ricky, and Udoh are $33,282,000
Favors has a team option at $16,900,000
So if you added Conley's $32,511,623 and subtracted Exum's $9,600,000, you'd have a net addition of $22,911,623 to those numbers.
2019/2020 Cap is supposed to be at $109,000,000
Jazz's cap number would be at $86,795,289 with the unguaranteed guys all waived, or at $96,081,526 with the guys they'd probably keep.
So you'd be looking at somewhere between $12-23 Million in cap space. If they were able to trade Korver/Crowder and not take back salary they could open up a max space.
There's always a chance my math is wrong, but I think that's a fairly accurate calculation.
Sounds about right.