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Sixers complete 3-team trade with Memphis and New Orleans - 1/4/2012

PHILADELPHIA, PA. – JANUARY 4, 2012 – The Philadelphia 76ers announced today that the team has traded forward Marreese Speights to Memphis as part of a three-team trade which also involves New Orleans. The Sixers will receive the Hornets second round pick in 2013 and a protected second round pick from the Grizzlies in 2012, while Memphis sends guard Xavier Henry to New Orleans.

“We wish Marreese all the best as he starts a new chapter in his career with Memphis,” Sixers President of Basketball Operations Rod Thorn said. “This trade will give us additional assets moving forward, including a trade exception, which will help us as we look to continue to improve our team.”

Speights was the 16th overall pick by the Sixers in the 2008 NBA Draft. In 205 career games with four starts, he is averaging 7.2 points and 3.7 rebounds in 14.7 minutes per game. Speights did not appear in any of the four games for Philadelphia this season.

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