The Grizzlies traded Marcus Smart to the Washington Wizards for two second round picks, Marvin Bagley III, and Johnny Davis. Memphis traded Jake Laravia to the Kings for one second round pick, according to various reports.
Memphis offloads Marcus Smart's $21 million on the books for next season.
The Grizzlies were rumored to be involved with big names like Jimmy Butler and Kevin Durant, but Memphis ultimately decided to create roster flexibility going forward this deadline.
This move gives Memphis more draft capital going forward, and it clears up a logjam at the wing position for this season. With GG Jackson and Vince Williams returning to the lineup and the emergence of Jaylen Wells, the team had too many wings on the roster.
Jaren Jackson Jr. is due for an extension this summer, and if he makes an All-NBA team, it will be a super-max extension. Santi Aldama is also a free agent this summer, so Memphis dumping two contracts and taking minimal money back should help them re-sign these players.
Famously, Marvin Bagley III was the No. 2 overall pick in the 2018 draft, but he has struggled and bounced around so far in his time in the league.
Johnny Davis has played limited minutes in his three years in the league, averaging 3.5 points so far in his career.
Both Bagley and Davis are potential buyout candidates, and neither are likely to see significant playing time in Memphis this season.
