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 future first round pick, while also maintaining our future flexibility," Cavaliers general manager Chris Grant said in a statement. "We wish Jon and Jeremy [Pargo, who was also waived] the best as they move on with their careers and thank them for their time with us here in Cleveland."
The deal allows the Grizzlies to slice $6 million in payroll and get under the
luxury tax threshold.
Speights has averaged 6.5 points and 4.7 rebounds as a big man off the bench for the
Grizzlies, but earns $4.2 million this season. He has a $4.5 million player option for next
season. Ellington has averaged 5.5 points in 40 games off the bench for the Grizzlies.
Selby has only played in 10 games this season, averaging two points. Leuer has played in
nine games, averaging 2.4 points.
In other Cavaliers news, the team recalled forward Kevin Jones from their D-League Canton Charge team. Jones has appeared in six games for the Charge this season, averaging 23.8 points and 12.3 rebounds in 40.8 minutes.