The Memphis Grizzlies are reportedly parting with a franchise icon.
Memphis is trading point guard Mike Conley Jr. to the Utah Jazz for a package consisting of Grayson Allen, Jae Crowder, Kyle Korver, the 23rd overall selection in the 2019 draft, and a future first-round pick, sources told ESPN's Adrian Wojnarowski.
The future first-rounder is a 2020 selection, although it's reportedly highly protected until 2022.
The swap will be made official once the league-wide moratorium ends on July 6, Wojnarowski added.
Memphis may not own the No. 23 pick in Thursday's draft for long, however, as it will reportedly listen to offers from other teams, sources told David Aldridge of The Athletic.
Conley has only played for the Grizzlies throughout his 12 NBA seasons. The veteran averaged a career-high 21.1 points in 2018-19 for the franchise, which is now expected to enter a rebuild and owns the second overall pick in Thursday's draft. Memphis is widely expected to select Murray State point guard Ja Morant, allowing the team to part with Conley.
After landing Conley, Utah is now expected to let Ricky Rubio leave as a free agent. The Spanish point guard played the last two seasons with the Jazz after six years with the Minnesota Timberwolves.