According to Shams Charania of The Athletic, the Chicago Bulls have traded their three-and-D wing Justin Holiday to the Memphis Grizzlies for draft picks and young assets.

The Bulls are receiving back the Grizzlies' second-round picks in 2019 and 2020 as well as Marshon Brooks and Wayne Selden, per Adrian Wojnarowski of ESPN.

Justin Holiday has been circling trade rumors ever since the Bulls fired head coach Fred Hoiberg. He was one of the best available wing players across the league. He's only making $4.5 million this season and is a free agent coming into this offseason. This seas0n, he's averaging 11.6 points, 4.4 rebounds, and 2.6 assists per game while shooting 38.3 percent from the field and 35 percent from deep.

The Bulls will need to waive a player to take on both Brooks and Selden. The team is unsure of who they will be letting go as of now, per Wojnarowski. 

Article Continues Below
More NBA News
Lakers legends Shaq and Kobe Bryant laughing
Shaq ranks his top 10 NBA players of all-timeJedd Pagaduan ·
Former NBA player Kendrick Perkins looks on during the fourth quarter between the Houston Rockets and the Oklahoma City Thunder. in a semifinal of the 2024 Emirates NBA Cup.
Kendrick Perkins ends Charles Barkley feud ahead of move to ESPNRandall Barnes ·
San Antonio Spurs guard Chris Paul (3) in the first quarter against the Denver Nuggets at Ball Arena.
Chris Paul, Dwayne Wade, Carmelo Anthony team up for HBCU scholarshipsRandall Barnes ·
NBA TV analyst Charles Barkley talks on set before game three of the 2024 NBA Finals between the Boston Celtics and the Dallas Mavericks at American Airlines Center.
Stephen A. Smith sends Inside the NBA fans message ahead of ESPN moveJackson Stone ·
Los Angeles Lakers guard Luka Doncic (77) drives to the basket against Milwaukee Bucks forward Giannis Antetokounmpo (34) in the third quarter at Fiserv Forum.
12 brightest NBA stars who could play at EuroBasket 2025Spencer See ·
Phoenix Suns forward Kevin Durant (35) looks up after a play during the first quarter against the Houston Rockets at Toyota Center.
NBA rumors: Suns, Rockets talking Kevin Durant trade with ‘lowered’ asking priceJason Patt ·

The Bulls are in rebuild mode and have been looking for young assets in trading any of the veterans on their roster.

Selden is a third-year player who is averaging 14.2 minutes per game this year for the Grizzlies. The shooting guard is averaging 5.4 points per game and has shot 40.4 percent from the field.

Meanwhile, Brooks only played 13.3 minutes per game for the Grizzlies this season with averages of 6.6 points per game while shooting 45 percent from the field.

The Grizzlies are in the playoff hunt but have slumped a bit as of late. This makes them buyers going forward. They are currently 18-20 and sit 11th in the NBA's Western Conference.