The Chicago Bulls have reportedly traded swingman Justin Holiday to the Memphis Grizzlies for shooting guards MarShon Brooks and Wayne Selden, as well as two draft picks.
NBA insiders Adrian Wojnarowski and Shams Charania reported as much on Thursday night, with the picks reported to be 2019 and 2020 second-rounders.
Holiday had attracted attention from several teams over the last week or so but the Grizzlies have apparently stolen ahead in the race to land the wing.
Memphis is trading Marshon Brooks and Wayne Selden and two second-round picks to Chicago for Justin Holiday, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) January 4, 2019
Chicago is receiving two second-round draft picks for Justin Holiday, who's headed to Memphis. Several teams had begun pursuing Holiday -- a 3-and-D wing -- in recent weeks. https://t.co/37Off8Hz9A— Shams Charania (@ShamsCharania) January 4, 2019
The 29-year-old is averaging 11.6 points, 4.4 rebounds and 2.2 assists per game so far this season, having featured in all 38 games for the Bulls. He has hit 38.3 percent of his shots from the floor and 36 percent from three-point range.
There was some confusion the last time Memphis attempted to trade one of their players named Brooks, so the satire has been rife on social media and fans are poking fun at the fact that a miscommunication over MarShon and Dillon Brooks caused a three-team deal involving the Phoenix Suns and Washington Wizards to fall apart last month.
The Suns and Wizards picked up the following day, however. Trevor Ariza was sent to Washington in return for Kelly Oubre Jr. and Austin Rivers. The latter was waived by the Suns but has since signed a deal with the Houston Rockets.
Meanwhile, Wojnarowski has also reported that Chicago will need to waive a player but are still weighing their options, with guard Cameron Payne the likely release.
Bulls will need to waive a player, but still working through that decision.— Adrian Wojnarowski (@wojespn) January 4, 2019
What This Means
The Bulls are looking to rebuild their team ahead of the February 7 trade deadline and have acquired some value in Brooks and Selden, whose salaries combine to make just above $3 million.
Holiday is on an expiring $4.4 million contract and could be traded again before the deadline as a result. By giving up two picks, though, Memphis - still $463,000 below the luxury tax - seems keen on re-signing the guard in the summer.
This does look like a trade which could benefit both teams this season and more so Chicago in the long run. The Grizzlies are getting a dependable three-point shooter while the Bulls have landed future youngsters and player with loads of potential in Selden.