HoopsHype Wayne Ellington rumors

June 25, 2014 Updates

Sources told ESPN.com that the Mavericks, who immediately made reacquiring Chandler one of their priorities after their first-round playoff exit against San Antonio, soon will complete a trade with the Knicks that they will clinch by agreeing to take back the contract of New York's out-of-favor guard, Raymond Felton, as well. The trade is expected to cost Dallas two starters -- point guard Jose Calderon and center Samuel Dalembert -- along with prized young point guard Shane Larkin, reserve guard Wayne Ellington and future second-round draft compensation. ESPN.com

March 5, 2014 Updates
July 26, 2013 Updates
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July 6, 2013 Updates
July 1, 2013 Updates
June 29, 2013 Updates

The Cavaliers chose not to extend Wayne Ellington a qualifying offer by this weekend's deadline, a league source told the Beacon Journal, effectively making him an unrestricted free agent. But the team remains open to re-signing him. Akron Beacon Journal

April 27, 2013 Updates

The Cavs’ most prominent free agents are guards Wayne Ellington and Shaun Livingston and center Marreese Speights. The Cavs would like to sign Ellington. That means presenting him a qualifying offer of $3 million. It’s not as easy with Speights. It appears as if they hope he opts out of his deal. He might not fit their culture. Livingston emerged as a top-notch backup point — not quite as good as Golden State’s Jarrett Jack — but still a quality guard, nonetheless. He’ll likely ask for $3 million or $4 million, and settle for something like $2 million or $2.5 million, a source said. Morning Journal

April 14, 2013 Updates

The Cavs will offer Wayne Ellington (a restricted free agent) some type of contract for next season. Ellington is averaging 10.4 points and shooting .437 (.370 on 3-pointers) in 23 minutes per game for the Cavs. They also will be pleased if Mo Speights accepts his player option of $4.5 million for next season. Speights also could pass, and become an unrestricted free agent. The Cavs will see what kind of offers he attracts on the open market. Cleveland Plain Dealer

April 4, 2013 Updates
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January 31, 2013 Updates

These Grizzlies aren't the Lakers, and they don't get a lot of chances at making a deep playoff run. They could've hung in there for this season, but instead bailed on it. Across the NBA, front offices were incredulous with the way that Memphis unloaded Marreese Speights, Wayne Ellington and Josh Selby, along with a future first-round pick, in a salary dump to Cleveland last week. Several league executives insisted Memphis could've waited until closer to the deadline, traded the parts individually and, minimally, received returns on Speights and Ellington. "Beyond a panic move," one Eastern Conference GM said. "Cleveland would always be there with that deal." Yahoo! Sports

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

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

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