HoopsHype Marreese Speights rumors

January 22, 2013 Updates

The Memphis Grizzlies acquired forward Jon Leuer (LOO-er) and a trade exception from the Cleveland Cavaliers in exchange for forward/center Marreese Speights, guards Wayne Ellington and Josh Selby and a protected future first round draft pick, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced. Currently in his second professional season, Leuer (6-10, 228) recorded 19.5 points, 12.3 rebounds and 1.8 assists on .512 shooting (.467 3FG) in 36.5 minutes in eight games (seven starts) for Cleveland’s exclusively-owned NBA Development League team, the Canton Charge. The 23-year-old also has made nine appearances for the Cavaliers this season, averaging 2.4 points in 10.1 minutes. NBA.com

The Cleveland Cavaliers have acquired forward/center 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.” NBA.com

Ronald Tillery: Source confirms Speights, Ellington, Selby and protected first in 2015 to Cavs. Griz receive Jon Leuer and $6.4 million trade exception Twitter @CAGrizBlog

However, it is important to the Grizzlies because it saves them roughly $6.2 million in salary, getting them below the $70.3 million luxury tax threshold and helping them avoid tax payments after the season. The Grizzlies, recently purchased by Robert Pera, who has restructured the front office, had been shopping forward Rudy Gay in an effort to trim salary. This might be a sign that Memphis is willing to keep Gay and see how the season plays out. USA Today Sports

November 3, 2012 Updates
October 16, 2012 Updates
August 21, 2012 Updates
July 13, 2012 Updates

The Memphis Grizzlies re-signed forwards Marreese Speights and Darrell Arthur to multi-year contracts, Grizzlies General Manger and Vice President of Basketball Operations Chris Wallace announced today. Per team policy, terms of the deals were not disclosed. NBA.com

July 6, 2012 Updates
July 5, 2012 Updates

Chris Herrington: Grizzlies have reached an agreement on a 2-year deal with Mo Speights, per a source. Roughly $7 million total. 2nd year is a team option. Twitter

July 2, 2012 Updates
June 29, 2012 Updates
June 4, 2012 Updates
January 25, 2012 Updates

Speights' agent, Andy Miller, attended the Grizzlies' road game Tuesday night against the Portland Trail Blazers. Miller said he had cursory talks with Wallace and Speights will not receive an extension. They mutually agreed to revisit contract talks regarding Speights during the offseason. The Griz would like to retain Mayo and Arthur at a bargain but both players seem more inclined to test free agency. Memphis Commercial Appeal

January 22, 2012 Updates

Asked if he had any regrets on trading Speights, who has been playing pretty well for the Memphis Grizzlies lately, Thorn said: “Speights is a talented player who can shoot and rebound but the fact remains he wasn’t going to play here. So with that being the case and at the end of the year him becoming a free agent and therefore we would have gotten nothing for him.” Should the Sixers pick someone up, it will be someone they feel is going to help the team on the court. "We’re not going to pick up someone just to come in and be a practice body,” said Thorn. “With the crazy schedule, there’s no practice time anyway.” Philadelphia Inquirer

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.