The Hornets have acquired 24-year old point guard Greivis Vasquez from the Grizzlies for 23-year old small forward Quincy Pondexter. Vasquez played in 70 games (1 start) for the Grizzlies as a rookie last year. He will back up Jarrett Jack in 2011-12, and he could develop into a starter down the road. Quincy Pondexter played in 66 games (6 starts) for the Hornets last year and he averaged 11.1 minutes, 2.8 points, 1.3 rebounds and 0.4 assists per game as a rookie. This was a good deal for the Hornets as Vasquez has a nice upside and Pondexter way buried on their depth chart.