The acquired Warriors pick is top-four protected in 2024, top-one protected in 2025, and unprotected in 2026.
Iguodala was informed last week that he could be traded as salary relief if Durant were to leave, sources told Yahoo Sports' Chris Haynes.
The Warriors needed to shed salary in order to accommodate Russell's expensive four-year, $117-million deal and Klay Thompson's new five-year, $190-million max contract
The Grizzlies will acquire Iguodala's expiring $17.2-million deal into the $25.1- million trade exception that was created as part of the Mike Conley deal with the Utah Jazz, according to ESPN's Bobby Marks.
Iguodala now becomes a potential buyout candidate if he doesn't want to be a part of the Grizzlies' rebuilding effort and could potentially join his former agent and current Lakers general manager Rob Pelinka in L.A., according to ESPN's Ramona Shelburne.