Found January 22, 2013 on
Fox Sports Ohio:
Maybe the Cavaliers should change their popular slogan from All for One to One for Three (and a first-round draft pick).
Thats what general manager Chris Grant did on Tuesday --sending reserve big man Jon Leuer to the Memphis Grizzlies for forward Marreese Speights, shooting guard Wayne Ellington and point guard Josh Selby. The Cavs also obtained a first-round draft pick in the deal. The pick will be available, at earliest, in 2015.
Along with the trade, the Cavs waived backup point guard Jeremy Pargo and recalled forward Kevin Jones from the D-League on Tuesday.
Speights is a forward capable of playing center, a player the Grizzlies really liked who backed up both Marc Gasol and Zach Randolph in the frontcourt.
Ellington, who was obtained by the Grizzlies from Minnesota in the off-season, suffered through a shooting slump recently -- but scored a team-high 17 points in an 82-81 loss to Indiana on Monday.
And Selby is a backup with potential, but a player who fell victim to a numbers game in Memphis.
Marreese will strengthen our frontcourt, while Wayne and Josh will add depth to our back court, Grant said. At the same time, we are adding a valuable asset with another future first round pick, while also maintaining our future flexibility.
According to a Cavs release, the draft pick breaks down this way:
The Cavs will receive Memphis 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 Cavs. The pick is protected 1-through-5 and 15-30 in 2015 and 2016 (meaning the Cavs 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.
Meanwhile, Grant speaks the truth when he talks about maintaining flexibility.
Speights has a player option on his contract at the end of this season -- meaning he can opt out of his deal and become a free agent or re-sign with the Cavs. As is always the case, his decision will be based on how the rest of his season goes.
Meanwhile, Ellingtons contract includes a qualifying offer (Cavs can pick it up or let him test free agency) and Selbys contract expires.
So its safe to say all three acquisitions are auditioning for both the Cavs and for potential free agency.
As for this year, the Cavs now have four guys who can play shooting guard with rookie Dion Waiters, C.J. Miles, Ellington and Daniel Gibson.
Gibson played just five minutes on the Cavs recent five-game swing through the Western Conference. Word around the league is the Cavs are aggressively shopping Gibson.
Kyrie Irving, Shaun Livingston and Selby are the point guards. Just as in Memphis, Selby may not get much of an opportunity because of the talent and experience ahead of him.
That leaves Speights as the player who is most likely to make an impact. With Mondays announcement that Anderson Varejao is out for the year, the Cavs became even thinner in the frontcourt.
Speights is a solid energy-type with skills. A league source told FOX Sports Ohio that Speights seems primed for an opportunity to break out, and the Cavs may be the perfect situation.
Leuer, in his second NBA season and first with the Cavs, appeared in nine games and averaged 2.4 points. Pargo appeared in 25 and averaged 7.8, respectively.
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In the land of repurposed jerseys, Cleveland fans can feel free to dust off those of Jamario Moon, Darius Miles, JJ Hickson and Larry Hughes kits. Ealier this week when Cleveland Cavaliers general manager Chris Grant somehow managed to turn Jon Leuer into power forward Marreese Speights, shooting guard Wayne Ellington and point guard Josh Selby as well as a first-round pick that...
The Memphis Grizzlies and Cleveland Cavaliers completed a four player trade. The deal allows the Grizzlies to shed $6 million in payroll to slide under the luxury tax bar.
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The post Memphis Grizzlies and Cleveland Cavaliers complete four player trade appeared first on Players View Dot Net.
EDIT: It appears this trade is agreed upon and just waiting for league approval.
According to ESPN’s Brian Windhorst, the Cleveland Cavaliers and Memphis Grizzlies are in talks on a deal that would see Jon Leuer sent to Memphis and Marreese Speights, Wayne Ellington, and Josh Selby coming to Cleveland. Per Windhorst, draft picks would also be included in the deal.
MEMPHIS, Tenn. -- The Memphis Grizzlies have agreed to trade Marreese Speights, Wayne Ellington, Josh Selby and a future first-round draft pick to the Cleveland Cavaliers for Jon Leuer.
The trade Tuesday 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...
According to multiple reports, including Yahoo!'s Marc Spears, the Cleveland Cavaliers have traded Jon Leuer for what at first appeared to be half of the NBA.
Those players have since been identified as Memphis Grizzlies' Marreese Speights, Josh Selby and Wayne Ellington.
There is also a draft pick included in this package that will be sent to Cleveland as well, but...
The Memphis Grizzlies have agreed to trade Marreese Speights, Wayne Ellington, Josh Selby and a future first-round draft pick to the Cleveland Cavaliers for Jon Leuer.
The trade Tuesday is the first big move by the Grizzlies' new ownership and clears about $6 million in salary in getting Memphis under the luxury tax threshold this season. The Grizzlies rank fourth in the West...
The Grizzlies have agreed to trade Marreese Speights, Wayne Ellington, Josh Selby and a future draft pick to the Cleveland Cavaliers for Jon Leuer, a source confirmed Tuesday morning.
The move, which will save roughly $6 million, will allow Griz management to avoid a $4 million luxury tax bill this season.
The future pick is a protected first-round pick in 2015. The Grizzlies will...
The Cleveland Cavaliers have landed forward/center Marreese Speights, guard Wayne Ellington, guard Josh Selby and a first-round draft pick from the Memphis Grizzlies for forward Jon Leuer, the team announced Tuesday. "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...
The Memphis Grizzlies and the Cleveland Cavaliers have agreed to a multiplayer trade, according to an ESPN.com report. The deal would allow the Grizzlies to slice $6 million in payroll and get under the luxury tax threshold. Memphis would deal Marreese Speights, Wayne Ellington and Josh Selby to the Cavs for Jon Leuer. Cleveland also lands a future first-round pick. Speights...
In order to save themselves money and avoid the luxury tax, the Memphis Grizzlies have completed a trade that will send Josh Selby, Wayne Ellington and Marreese Speights to the Cleveland Cavaliers for Jon Leuer and a first-round draft pick, according to CBS Sports.
The trade will save the Grizzlies around $4 million, which means they don’t need to do a big move like trading Rudy...
CLEVELAND The Cleveland Cavaliers have acquired forwardcenter 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, Cavaliers General Manager Chris Grant announced today from Cleveland Clinic Courts. The Cavaliers also waived guard Jeremy Pargo.
Marreese will strengthen our front...
The Memphis Grizzlies have agreed to trade Marreese Speights, Wayne Ellington, Josh Selby and a future draft pick to the Cleveland Cavaliers for Jon Leuer, according to a source.
The Grizzlies will save approximately $6 million with the trade, allowing management to avoid $4 million in luxury tax penalties.
The trade will allow the Grizzlies to keep Rudy Gay without tax...
The Memphis Grizzlies have agreed to trade Marreese Speights to the Cleveland Cavaliers, along with Josh Selby AND Wayne Ellington, in return for Jon Leuer. Yikes. Seems like a HUGE package for Jon Leuer who didn't even see the court in Cleveland. This is a great trade for the Cleveland Cavaliers as they fill in the void left by Anderson Varejao being out for the rest...