Jan 22, 2013, 9:08 AM EDT
Memphis has been looking for a way to get under the luxury tax line for this season — they may have just found it without shipping Rudy Gay out the door.
For Memphis, this is all about the money. It is a cash dump. They are about $4 million over the NBA’s luxury tax line and this deal saves the a little more than $4 million, moving them under the line as payers.
One of the reasons Rudy Gay was being shopped around was to save money, this saves the cash while keeping the team’s core players intact for a playoff run. No Rudy Gay trade, no Zach Randolph trade. For now. Look for Gay to be shopped around more this summer.
For Cleveland, this is about getting some help on the front line with Anderson Varejao now ruled out for the season. Speights is a solid NBA big man, but one nobody sees because he is buried behind Marc Gasol and Zach Randolph. But Speights has given Memphis 6.6 points and 4.7 rebounds a game with an above average PER of 16.2.
Speights has a $4.5 million player option for next season and could veto the trade due to Bird Rights considerations, but that would be a surprise. The lightly used young guard Selby is still on his rookie deal.
Leuer, the forward out of the University of Wisconsin in his second NBA season, has played in just nine games for Cleveland. He may play less for Memphis.
The move brings the Grizzlies under the NBA roster league minimum, so look for a D-League call up or some other inexpensive addition to the roster.
- Seven standout players from Las Vegas Summer League 2
- Maverick Carter: LeBron James and Dwyane Wade still speak nearly daily 5
- Red hot Ray McCallum leads Sacramento Kings to Summer League title with 77-68 win against Houston 2
- Lakers great Michael Cooper diagnosed with cancer 14
- Report: Stan Van Gundy tells Josh Smith, barring unexpected trade, forward will start season with Pistons 7
- Mike Krzyzewski would trade Andrew Wiggins for Kevin Love with “not one second of hesitancy” 68
- Mario Chalmers: “I never thought anybody would want to leave Miami for Cleveland” 65
- Las Vegas Summer League review: How did Andrew Wiggins, other lottery picks fare? 14