New on SI: Report: Grizzlies Trade Valančiūnas and Draft Picks to Pelicans for Adams, Bledsoe

Memphis is reportedly trading the No. 17 and No. 51 picks in the 2021 draft to New Orleans for the No. 10 and No. 40 picks along with a protected first-round pick.

The Grizzlies are sending center Jonas Valančiūnas to the Pelicans for center Steven Adams and guard Eric Bledsoe in a trade, per

ESPN's Adrian Wojnarowski. 

Memphis is also sending the No. 17 and No. 51 picks in the 2021 draft to New Orleans for the No. 10 and No. 40 picks along with a protected first-round pick via the Lakers, per the report. 

The move allows the Pelicans to create enough salary cap in order to match anything current point guard Lonzo Ball might be offered or go after another player to fill that role. 

The Grizzlies finished 38–34 last year and were eliminated in the first round of the playoffs. The Pelicans finished 31–41 without a playoff birth.