The top-seeded Jazz fell to the LA Clippers in six games after blowing a 2-0 series lead.
“This hurts more than last year because we were up again and lost again,” Mitchell said.
Mitchell ended up averaging 32.3 points, 5.5 assists, and 4.2 rebounds during the playoffs.
Conley also earned his first career NBA all-star nod this past season after averaging 16.2 points and 6.0 assists in 51 regular-season games.
“Obviously, I can’t speak, look into the future and know exactly what will happen,” said Conley, who spent his first 12 seasons with Memphis.
The forward averaged a career-high 6.9 points in 16.0 minutes per game, while shooting 42.5% from the field, but struggled on both ends of the court in the postseason.
The veteran guard is owed $14 million entering the final year of a four-year deal he signed in 2017.