HoopsHype Marreese Speights rumors

January 26, 2013 Updates

Cavaliers general manager Chris Grant has been tracking Marreese Speights since the big man was playing at Florida. And Cleveland could certainly use a boost on the front line after announcing this week that Anderson Varejao would be lost for the season after his recent leg surgery left the Brazilian with a blood clot in his right lung. ESPN.com

Don't be shocked if the Cavaliers decide to move Speights on again before the Feb. 21 deadline. The Cavs obviously aren't in the playoff hunt and word is they're already receiving interest in Speights, who possesses a $4.5 million player option for next season. The Cavs are also armed with $12 million in expiring contracts and roughly $4 million in leftover cap space for the summer, which means they've got the tools to continue to be active before this deadline. ESPN.com

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

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