The Memphis Grizzlies completed a three-for-one trade last
week that helped them get under the luxury tax line. They were able to do so
without shipping out any of their core players, and CEO Jason Levien said
earlier this week that the team is “more likely to do nothing” by the NBA’s
upcoming trade deadline, according to Ronald Tillery of Commercial Appeal.
Griz CEO Jason Levien to media after practice: 'It's more likely than not that we do nothing (with core by Feb21). We really like our team.'
— Ronald Tillery (@CAGrizBlog) January 24, 2013
Last week’s trade
sent Marreese Speights, Wayne Ellington and Josh Shelby to the Cleveland
Cavaliers in exchange for Jon Leuer and a protected first-round pick in the
2015 NBA Draft.
The deal allowed Memphis to shed a little over $4 million,
roughly the same amount they were previously over the luxury tax line. The move
allowed them to move under the luxury line without parting ways with key
players such as Rudy Gay and Zach Randolph.
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