The Memphis Grizzlies participated Thursday in a very rare four-team trade that helped land Shawn Marion in Dallas with the Mavericks.
There were many players involved. Cash was exchanged and even a second-round pick was tossed in. When the dust settled the Grizzlies ended up with Jerry Stackhouse and his $7.25 million contract.
The Toronto Raptors were able to get Hedo Turkoglu without going under the cap, preserving their Mid-Level Exception and rights to Carlos Delfino. The Orlando Magic earned a $6.96 million trade exception.
The Grizzlies made a nice little profit in the move but will need another week before executing the agreed-to Quentin Richardson/Zach Randolph trade with the Los Angeles Clippers.
First, the multi-team deal needs to be finalized by players passing physicals with their various teams. Once the league gets acknowledgment from all four, the deal is truly complete.
(Note that on occasion teams waive physicals, taking on unhealthy players for financial reasons.)
After given the green light, Memphis will take advantage of the $2 million buy-out built into Stackhouse's contract.
During the offseason it takes seven days for a player to clear waivers. Once done, the Grizzlies and Clippers will get on a conference call and complete their agreed to swap of Richardson and Randolph.
While technically Memphis can make the Clipper deal today, a number of sources say the team doesn't want to temporarily lock up their cap space while waiting for Stackhouse to clear waivers.
Currently the Grizzlies are negotiating with free agent guard Allen Iverson, needing that financial flexibility to sign him.
The Clippers appear content to wait a week while Memphis takes care of some housekeeping.
HOOPSWORLD has been told the Memphis/Los Angeles deal isn't in any danger and will be completed in about a week's time.
