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NBA Trade Rumors: Selby and Speights to Cleveland?

Jerome Miron-USA TODAY Sports

As reported by our friends at 3 Shades of Blue, ESPN’s Brian Windhorst is reporting that the the Grizzlies are in talks with the Cleveland Cavaliers to trade Marreese Speights and Josh Selby to Cleveland in exchange for Jon Leuer.

The trade was also reported by Marc J. Spears of Yahoo! Sports:

According to Windhorst, such a deal saves the Grizzlies the $4mil they need to get under the luxury tax — which has been bandied about in the last few weeks as the reason the Grizzlies needed to trade either Rudy Gay or Zach Randolph.

We’ll have more on this as it develops.

UPDATE: Chris Vernon has more details about the draft pick: