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Cavaliers and Grizzlies finalize trade, Cavs acquire guaranteed lottery pick

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The Cleveland Cavaliers have been working on a deal with the Memphis Grizzlies all morning. It seems as though the trade is now finalized. And the Cavs did pretty well for themselves.

Jerome Miron-USA TODAY Sports

The Cleveland Cavaliers and Memphis Grizzlies have been working on a rather small scale, but complicated trade Tuesday morning. At this point, we have all of the parts finalized for this trade to work. Here's how it breaks down, according to ESPN's Brian Windhorst.

Cleveland Cavaliers get:

  • Marreese Speights
  • Wayne Ellington
  • Josh Selby
  • 2015 first round draft pick. The pick is protected 1-5 and 14-30. That means the pick is guaranteed to be a lottery pick. If the Cavs don't get the pick in 2015, it will roll over to later years. I believe the pick is 1-5 and 14-30 protected in 2015 and 2016. In 2017 and 2018, it is simply top-5 protected. In 2019, it is unprotected.

Memphis Grizzlies get:

  • Jon Leuer
  • Cap relief. The primary motivation for Memphis was to shed salary and avoid the luxury tax.
In order to complete the trade, the Cavaliers also had to waive Jeremy Pargo. Overall, this is a pretty nice trade. The Cavaliers managed to stockpile lots of future assets while maintaining financial flexibility. I like it. You did good, Chris Grant. You did good.

Go to Straight Outta Vancouver for the Memphis Grizzlies' perspective on the deal.