Raptors acquire Gasol from Grizzlies for Valanciunas, Miles, Wright

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The Toronto Raptors have reportedly agreed to a trade with the Memphis Grizzlies that will send veteran center Marc Gasol north of the border in exchange for Jonas Valanciunas, Delon Wright, CJ Miles and a 2024 second-round pick.

Lowry has been discussed as a piece in a potential deal with the Memphis Grizzlies, sources confirmed to ESPN. Memphis discussed deals with multiple teams, but ultimately made a decision to hold on to their franchise point guard.

Lowry is averaging a career-high 9.2 assists with 14.2 points and 4.4 rebounds while shooting 41 percent from the field. He's the Grizzlies' all-time leader in points, rebounds, and blocks. But this is a major coup for Toronto regardless, and another blockbuster move in the frantic arms race at the top of the Eastern Conference.

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The 2019 National Basketball Association trade deadline is really kicking into gear. Conley is third at 12 seasons.

Gasol, 34, is a three-time All-Star and was the league's Defensive Player of the Year in 2012-13. The amount of his bonus (if not waived) will be applied to his $24.1 million salary. Four more players from that 13-man roster are also now all former Raptors: Wright, Jakob Poeltl, Lorenzo Brown and Bebe Nogueira.

Toronto Raptors centre Jonas Valanciunas is expected to play Thusday against the Atlanta Hawks after missing the last 25 games recovering from a dislocated thumb. Serge Ibaka and Kyle Lowry scored 20 points each - Lowry returning after missing a game with a sore back.

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In parting ways with Valanciunas, the Raptors lose a genuinely likeable big man, a guy who had become a franchise great somewhat by virtue of having been a long-serving member of the team during the best era in its history.

Gasol is slated to make $24.1 million USA this season and has a player option for $25.6 million next season.

Memphis is now $668,000 below the luxury tax threshold.

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