76ers Trade Speights, Receive Picks in 3-Team Deal

The three-team deal between the 76ers, Grizzlies and Hornets nets Philly two draft picks

Wednesday, Jan 4, 2012  |  Updated 6:11 PM EDT
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76ers Trade Speights in 3-Team Deal

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The Sixers shipped off one of their young players Wednesday as part of a three-team deal.

The 76ers sent PF Marreese Speights to Memphis, the Grizzlies moved Xavier Henry to New Orleans  and the Grizzlies and Hornets each sent second-round draft picks to Philadelphia.

“We wish Marreese all the best as he starts a new chapter in his career with Memphis,” Sixers

Though the Sixers got no players in return for Speights they got some flexibility.

“This trade will give us additional assets moving forward, including a trade exception, which will help us as we look to continue to improve our team,” President of Basketball Operations Rod Thorn said.

Teams with a trade exception have up to a year in which they can acquire more salary in other trades than they send away.

The 6-10 Speights is in his fourth NBA season out of Florida and has averaged 7.2 points and 3.7 rebounds. The 6-foot-6 Henry, in his second NBA season out of Kansas, has averaged 4.3 points and 1.0 rebound in 38 games with Memphis.

“We wish Marreese all the best as he starts a new chapter in his career with Memphis,” Thorn said.

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