Grizzlies, Cavaliers Agree To Multiplayer Trade

[Trademark]

The Memphis Grizzlies have completed a multiplayer trade with the Cleveland Cavaliers, slicing more than $6 million off their payroll to get under the luxury tax threshold.

Memphis sent big man Marreese Speights, guard Wayne Ellington, guard Josh Selby and a future first-round draft pick to the Cavs for forward Jon Leuer.

The pick is the most valuable part of the deal for the Cavs. In 2015 or 2016, if the Grizzlies' first-rounder falls between picks 6-14, the pick goes to the Cavs. Starting in 2017, if the Grizzlies' pick falls outside the top five, the Cavs then get the selection. In 2019, the pick becomes unprotected. It is the sixth first-round pick the Cavs have traded for since 2010.

The Grizzlies, under pressure to reduce payroll, had been in trade talks with teams around the league involving stars Rudy Gay and Zach Randolph.

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