The Memphis Grizzlies have been shopping Rudy Gay for a good portion of this season, in an attempt to avoid paying harsh luxury tax penalties. It now seems that the Grizzlies have found a way to get around the problem, by swinging a multiplayer deal with the Cleveland Cavaliers.
The Memphis Grizzlies have agreed to a multiplayer trade with the Cleveland Cavaliers, slicing more than $6 million off their payroll to get under the luxury tax threshold, league sources told ESPN.com.
A trade call to finalize the deal is scheduled for Tuesday.
The Grizzlies would send big man Marreese Speights, guard Wayne Ellington and guard Josh Selby to the Cavs for big man Jon Leuer. There are also believed to be a future draft pick involved in the deal.
By stepping under the luxury tax threshold, the Memphis Grizzlies will relieve themselves of the need of trading Rudy Gay or Zach Randolph, much to the joy of head coach Lionel Hollins.
The Cavs obviously got the best out of the deal, as Memphis’ only intention was to cut salary. Marreese Speights is the best player involved in this deal, averaging 6.6 points and 4.7 rebounds off the bench for Memphis, and should fit in nicely with the Cavaliers, who have lost Anderson Varejao for the season.