The New Orleans Pelicans and Memphis Grizzlies have agreed to terms on a trade that will send point guard Eric Bledsoe, center Steven Adams, and the No. 10 overall pick to Memphis for pick 17, pick 51, and center Jonas Valanciunas.
ESPN’s Adrian Wojnarowski was the first to report the trade and followed up on his initial report with a note on how this is going to help the Pelicans in the long run.
New Orleans creates salary cap space for August that allows them to either match an offer sheet on Lonzo Ball, or have the cap space to pursue a significant free agent point guard, including Kyle Lowry and others.