11:34 PM ET

According to sources, Utah Jazz coach Quin Snyder could decide to end his eight-year tenure with the team after weeks of discussions with ownership and management.

While talks are described as "good faith" attempts at a resolution that will keep the coach, discussions with owner Ryan Smith and CEO of Basketball Operations Danny Ainge have yet to secure the coach's return for next season, sources said.

Sources said that the Jazz offered to extend the current contract for two years, with an option for a third. Sources said that the organization would be happy if Snyder came back on his current contract.

Jazz general manager Justin Zanik said during exit interviews in late April that Quin Snyder is one of the best coaches in the NBA.

Sources said there was no timetable on reaching a decision.

Sources said that conversations have centered on how the sides can work together to make the next step in Western Conference contention.

Sources said that if he sat out a season, he would be one of the most sought-after candidates in the future. The Jazz were eliminated from the playoffs in six games by Dallas.

In eight seasons as a head coach, Utah's Rick Snyder has a 372-264 record, tying Golden State's Steve Kerr for the third-longest tenure with a team. After taking over a franchise that had a 25-57 record, he helped Utah become a perennial playoff team. Utah has not advanced past the Western Conference semifinals in this era, but the Jazz have the longest active streak at six years.

Utah has undergone major changes at all levels of the organization, particularly in the last two years, including Smith's purchase of the franchise from the Miller family and the transition from Dennis Lindsey to Danny Ainge as the lead basketball executive.

The Jazz front office and Ainge face a lot of challenges beyond the efforts to retain Snyder in the wake of Utah's first-round exit. The Jazz, who are projected to be deep into the luxury tax again next season, have limited roster flexibility but hope to build a championship-caliber team around All-Star shooting guard Donovan Mitchell.