The Dallas Mavericks are acquiring Memphis Grizzlies restricted free agent point guard Delon Wright in a sign-and-trade agreement on a new three-year, $29 million contract, agent Greg Lawrence and team sources tell ESPN.
The Grizzlies will receive two future second round picks in the deal and gain salary flexibility to make additional moves in the short and long term.
Memphis acquired Wright, 27, in last season's trade that send Marc Gasol, a franchise pillar, to the Toronto Raptors. The Grizzlies also acquired Jonas Valanciunas in that trade.