76ers trade Speights to Memphis for draft picks

Posted: January 04, 2012

The 76ers traded center Marreese Speights to the Memphis Grizzlies Wednesday in exchange for a pair of second-round draft choices.

The pick from the Grizzlies comes in the 2012 draft. The third team involved, the New Orleans Hornets, whom the Sixers play Wednesday night, will send a second-round pick in 2013.

The Sixers will also get a $2.72 million trade exception - the equivalent to Speights' 2011-12 salary.

"We wish Marreese all the best as he stars a new chapter in his career with Memphis," Sixers president of basketball operations Rod Thorn said. "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."

The Hornets also received second-year shooting guard Xavier Henry from the Grizzlies in the deal.

Speights, acquired by the Sixers from Florida with the 16th overall pick in the 2008 draft, did not play in any of the Sixers' four games this season. In 205 games with the Sixers, the 6-foot-10 Speights averaged 7.2 points and 3.7 rebounds with the Sixers.

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