Memphis Grizzlies guard Kennedy Chandler. Brianna Paciorka/News Sentinel / USA TODAY NETWORK

The Grizzlies are acquiring Tennessee guard Kennedy Chandler, the No. 38 pick, from the Spurs, sources tell Shams Charania of The Athletic.

ESPN’s Adrian Wojnarowski reports that the Spurs will receive a future second-rounder and cash in exchange for the No. 38 pick.

Chandler was ranked No. 20 on ESPN’s big board prior to the draft, so he appears to be a solid value pick for the Grizzlies in the second round. The Memphis native averaged 13.9 PPG, 3.2 RPG, 4.7 APG and 2.2 SPG on .464/.383/.606 shooting in 34 games (30.8 MPG) as a freshman this season.

Chandler’s local ties likely played a factor in Memphis’ decision to trade for him, as the team had plenty of opportunities to scout him. Although he’s just 6-foot, likely causing his draft stock to fall, Chandler is an excellent athlete and a strong defender. He’s a true point guard, capable of distributing and getting to his spots at a high level.

The Grizzlies are trading De’Anthony Melton to the Sixers, so they had a hole to fill on the depth chart. It will be interesting to see if the decision to acquire Chandler has an impact on the impending free agency of backup point guard Tyus Jones.

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