Cavs and Grizzlies Deal 1/23/13
January 23, 2013
MEMPHIS, Tenn. - The Memphis Grizzlies have agreed to trade three players and a future first-round draft pick to Cleveland for Jon Leuer (LOOR'). The players the Cavs are getting are Marreese Speights (muh-REES' spaytz), Wayne Ellington and Josh Selby.
The trade is the first big move by the Grizzlies' new ownership and gets Memphis under the luxury tax threshold this season. The Grizzlies rank fourth in the West and are 6-4 over their past 10 games after the NBA's best start this season.
The deal gives the lottery-bound Cavs another first-round pick to improve a team with the second-worst record in the Eastern Conference.