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Grizzlies, Cavs agree to multi-player trade

Updated: January 22, 2013, 7:22 PM ET
Associated Press

MEMPHIS, Tenn. -- The Memphis Grizzlies traded Marreese Speights, Wayne Ellington, Josh Selby and a future first-round draft pick Tuesday to the Cleveland Cavaliers for Jon Leuer.

The trade is the first big move by the Grizzlies' new ownership and clears about $6 million in salary in getting Memphis under the luxury tax threshold this season. The Grizzlies rank fourth in the West and are 6-4 over their past 10 games after the NBA's best start this season.

The deal gives the lottery-bound ...

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