CLEVELAND (92.3 The Fan) – The Cavaliers are in the middle of another tough season, but that’s not stopping GM Chris Grant and wheeling and dealing with others.
The Cavaliers have acquired forward/center Marreese Speights, guard Wayne Ellington, guard Josh Selby and a future first round draft pick from the Memphis Grizzlies in exchange for forward Jon Leuer. The Cavaliers also waived guard Jeremy Pargo.
“Marreese will strengthen our front court, while Wayne and Josh will add depth to our back court. At the same time, we are adding a valuable asset with another future first round pick, while also maintaining our future flexibility,” Cavs General Manager Chris Grant said. “We wish Jon and Jeremy the best as they move on with their careers and thank them for their time with us here in Cleveland.”
The Cavs will receive Memphis’s first round draft pick in the first available year (which is two years after Memphis has satisfied its current pick obligation to Minnesota). Starting in 2015 the pick could be conveyed to the Cavaliers.
The pick is protected one-five and 15-30 in 2015 and 2016 (meaning the Cavaliers would acquire a 6-14 pick) and the pick is protected one-five in 2017 and 2018. If the pick has not been conveyed by 2018, it becomes unprotected in 2019.
Speights (selected as the 16th overall pick of the 2008 NBA draft by the Philadelphis 76ers) has appeared in 40 games (two starts) for the Grizzlies this season, averaging 6.6 points and 4.7 rebounds in 14.4 minutes per game. Over five seasons and 305 games, Speights has career averages of 7.4 points and 4.3 rebounds in 16.2 minutes per game.
Ellington (selected as the 28th overall pick of the 2009 NBA draft by the Minnesota Timberwolves) has played in 40 games (four starts) for Memphis this year and is averaging 5.5 points and 1.3 rebounds in 16.9 minutes per game. He has played in 229 games over four seasons in the NBA and has career averages of 6.3 points and 1.8 rebounds in 18.4 minutes per game.
Selby (selected as the 49th overall pick of the 2011 NBA draft by the Memphis Grizzlies) has appeared in 10 games for Memphis this season, averaging 2.0 points in 5.9 minutes per game. He has played in 38 career games over his two-year NBA career, averaging 2.2 points in 7.8 minutes per game.
Leuer has appeared in nine games for the Cavs this season, averaging 2.4 points in 11.8 minutes per game. Pargo has played in 25 games (11 starts) this year and has averaged 7.8 points and 2.6 assists in 18.0 minutes per game.
Why were the Cavs able to take on three player, getting rid of just one? They have about $10 million in salary-cap space.
The Grizzlies want to get rid of salary, and the move will save them almost $6 million.