If Diaw is on Utah's roster after Saturday, he will be a $7.5 million cap hit for the 2017-18 season.
Sefolosha adds depth at small forward for the Jazz, who are still reeling from the loss of free agent forward Gordon Hayward. They will need all the help they can get in the Western Conference, and this could turn out to be a great signing.More news: Pineda to have Tommy John surgery
Last season, Jerebko played in 78 games for the Celtics, six starts, and averaged 3.8 points and 3.5 points per game. Sefolosha, a 6-foot-7 guard/forward able to defend multiple positions, has played 11 National Basketball Association seasons. The Swiss player was a starter the previous five seasons with Oklahoma City and is regarded as a top defender.
Sefolosha hasn't been reliable from the three-point line during the last four seasons, shooting 34 percent and under since having back-to-back seasons shooting at a 40-percent-plus clip from deep from 2011-13.
He has playoff experience, and his presence should be felt in the Jazz locker room.