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."