Found January 22, 2013 on
Fox Sports Ohio:
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 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, said Cavaliers General Manager Chris Grant. 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 Memphiss 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.
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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.
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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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 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 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 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...
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...
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...
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...
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...
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...
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...