The Memphis Grizzlies have traded point guard Mike Conley to the Utah Jazz for Jae Crowder, Kyle Korver and second-year guard Grayson Allen, according to Shams Charania of The Athletic. The package also includes the 23rd pick in this year's draft, along with a 2020 first-round protected pick, according to ESPN's Adrian Wojnarowski.

That pick will convey itself as a late-lottery pick in 2020 or 2021, or become a lightly-protected pick from 2022-24. The deal is expected to materialized on July 6, once the NBA moratorium has come to a close.

The Jazz had been chasing Conley since he first became available in this year's trade deadline, coming close to making a swap for him earlier in the year. Yet the clear status of the NBA Draft has allowed for a better line to swap assets, as the Grizzlies will now have the second overall selection (likely Ja Morant of Murray State) and the 23rd overall pick, which should only add more depth to a rebuilding team.

Memphis will get a fresh start after ceding the last remnants of the Grit ‘N' Grind era in Conley and Marc Gasol, who was traded to the eventual NBA champion Toronto Raptors before the trade deadline.

RECOMMENDED (Article Continues Below)
Lauri Markkanen surrounded by piles of cash.

Spencer See ·

The Grizzlies will now pair Morant with Jaren Jackson Jr. (No. 4 pick in 2018), along with several other young pieces to rebuild this franchise after the last few shortcomings in the last two seasons.

The Jazz will finally get a point guard to pair with Donovan Mitchell, especially one that is capable of playing off the ball and spotting up for open shots, which should only help Mitchell's development. Utah however, will be in the haul for $67 million over the next two seasons by bringing in Conley, banking on Mitchell as their star of the future after surrendering their first-round selection this year and the next.