According to spotrac, the Jazz are estimated to have a total cap of $132.9 million.
Given how Mike Conley has already declined the early termination option on his deal for next season, the Jazz will need to pay him $34.5 million for 2020-21. Moreover, the Jazz also decided to re-sign Jordan Clarkson to $51.5 million for four years, which further complicates their cap room. Finally, they brought in Derrick Favors from the New Orleans Pelicans on a three-year deal worth $29.2 million, so as it is, the Jazz are almost certainly going to operate as an over-the-cap team next season.