8:35 pm: The three-team trade involving the Grizzlies, Wizards, and Kings is official, according to press releases from all three clubs.
In addition to the details reported below, the Wizards sent the Grizzlies a 2025 second-round pick as part of the agreement, as reported by Varun Shankar of The Washington Post (Twitter link).
2:07 pm: The Grizzlies are trading Marcus Smart and a 2025 first-round pick to the Wizards in a multi-team deal that will see Memphis acquire a pair of second-round picks, reports Shams Charania of ESPN (Twitter link). The trade will also include the Kings, per multiple reports.
According to Charania (Twitter link), NBA insider Chris Haynes (Twitter link), and Marc Stein of The Stein Line (Twitter link), here are the details of the deal that are known so far:
- Grizzlies to acquire Marvin Bagley III (from Wizards), Johnny Davis (from Wizards), a 2028 second-round pick (from Kings), and one additional second-round pick (possibly from the Wizards, though it’s unclear).
- Kings to acquire Jake LaRavia (from Grizzlies).
- Wizards to acquire Smart (from Grizzlies), Colby Jones (from Kings), Alex Len (from Kings), and the Grizzlies’ 2025 first-round pick (top-14 protected; from Grizzlies).
Obviously, Memphis’ initial trade for Smart completely backfired, as the former Defensive Player of the Year has only made 39 combined appearances for the Grizzlies over the past two seasons due to a series of injuries. The Grizzlies gave up Tyus Jones, the draft rights to Marcus Sasser (No. 25 overall pick in 2023) and Golden State’s 2024 first-rounder (which was later traded multiple times — Carlton Carrington was selected No. 14 overall by Washington) in that initial deal.
Smart also hasn’t been particularly effective when active for the Grizzlies, especially in 2024/25, averaging just 8.7 points, 3.7 assists, 2.3 rebounds and 1.2 steals on .358/.322/.833 shooting in 19 games (21.1 minutes). That’s not much production for a player earning $20.2MM this season and $21.6MM in ’25/26.
Former first-round pick LaRavia, on the other hand, has been effective in a crowded Memphis rotation this season, averaging 7.3 points, 4.4 rebounds and 2.8 assists on .490/.444/.698 shooting in 47 games (20.9 minutes). However, the Grizzlies declined to pick up his $5.16MM rookie scale team option for ’25/26 last fall, which means they couldn’t offer him a starting salary above that amount when he hits unrestricted free agency this summer — that same restriction will now apply to Sacramento.
Moving off Smart’s contract will free up Memphis’ books for next season, as Bagley and Davis will hit free agency this summer. That should help them re-sign forward Santi Aldama, an impending restricted free agent, and possibly extend All-Star big man Jaren Jackson Jr. The Grizzlies will also add a couple of second-round picks in the deal.
It’s a pretty low-risk move for the Kings, who are looking to make a playoff push. Even if it turns out that they won’t be able to re-sign LaRavia in the offseason, they didn’t give up any rotation players and the outgoing assets are modest.
Both Memphis and Sacramento will save some money in ’24/25 as a result of the deal as well, giving the clubs more flexibility to potentially be players on the buyout market.
As for the Wizards, they’ll take a flyer on Smart in the hopes that he gets healthy and becomes a trade chip next season. Jones and Len aren’t owed money beyond this season. Of course, the primary motivation for making the deal for the rebuilding team was to acquire the 2025 first-round pick, which would land at No. 27 overall if the season ended today.
Rory Maher contributed to this story.