Memphis Grizzlies trade Marc Gasol to Toronto Raptors

The Memphis Grizzlies have traded center Marc Gasol to the Toronto Raptors in exchange for Jonas Valanciunas, Delon Wright, CJ Miles and a 2024 second-round draft pick.

Gasol, 34, is averaging 15.7 points, 8.6 rebounds and a career-high 4.7 assists (which ranks second among NBA centers, trailing only Nikola Jokic's 7.7). He is the Grizzlies' franchise leader in points, rebounds, blocks and field goals made.

Gasol has been with the Grizzlies for 11 seasons, which was tied with Russell Westbrook for the fourth-longest tenure with one franchise among active players.

A three-time All-Star and the 2013 Defensive Player of the Year, Gasol has a 15 percent trade bonus that is valued at $1.28 million. The amount of his bonus (if not waived) will be applied to his $24.1 million salary.

Gasol also has a $25.6 million player option for next season.

The 7-foot Valanciunas is averaging 12.8 points and 7.2 rebounds this season. He had surgery after suffering a dislocated left thumb on Dec. 12 and has not played since. Prior to the trade, the Raptors had expected the center to return against Atlanta on Thursday night, with the team tweeting out a picture of Valanciunas with a quote from him saying, "I'm back."

The 26-year-old Wright, who was selected by Toronto in the first round of the 2015 draft, is averaging 6.9 points, 2.2 assists and 2.6 rebounds in 18.3 minutes of action per game this season.

Miles, 31, is averaging 5.5 points and 1.7 rebounds this season.

Valanciunas, Wright and Miles can become free agents next season. Miles ($8.7 million) and Valanciunas ($17.6 million) have player options, while Wright will become a restricted free agent and is eligible to receive a $3.6 million qualifying offer in June.