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Wayne Ellington Traded to Cleveland Cavaliers

The Memphis Grizzlies have agreed to a multiplayer trade with the Cleveland Cavaliers, slicing more than $6 million off their payroll to get under the luxury tax threshold, league sources told ESPN.com. The Grizzlies would send big man Marreese Speights, guard Wayne Ellington and guard Josh Selby to the Cavs for big man Jon Leuer. Cleveland would also receive a future first-round draft pick in the deal. (ESPN.com)

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