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Lowry is now by far the longest-serving member of the Toronto Raptors following the trade of Jonas Valanciunas to Memphis on Thursday, and Toronto's president admitted Lowry was aware of trade rumours.

"Marc has been a dedicated teammate, star player and pillar of this team for the past 11 seasons", Pera said.

New Orleans only chose to play Davis after the league reminded the franchise of the rest rule, wherever the team could be levied a $100,000 fine per game that he Saturday Memphis dealt away Gasol and almost shifted Conley but couldn't get teams to meet their demands.

The Raptors, 40-16, are 1.5 games behind Milwaukee for the top record in the Eastern Conference while the Grizzlies, 22-34, have the second-worst record in the Western Conference, eight games behind the Los Angeles Clippers for the last playoff spot.

The Hornets were prepared to trade a lottery protected first round pick for Gasol.

Blazers get Hood; send Stauskas to Cavs
In 45 starts with Cleveland this season, Hood has averaged 12.2 points, 2.5 rebounds, and two assists in 27.4 minutes per game. He signed a one-year, $1.5 million contract with Portland in March 2018, but has spent extensive time in the G League.

Marc Gasol will forever be connected to the city of Memphis. The Nets then waived the 28-year-old Monroe, who averaged 4.8 points and 4.1 rebounds in 11.1 minutes per game during his first season with the Raptors.

Gasol finished his Grizzlies career with averages of 15.2 points, 7.7 rebounds and 3.4 assists in 769 games. He was a part of a core group of players that helped shape the identity of this franchise on and off the court and were embraced by the City of Memphis. Prior to the trade, the Raptors had expected the center to return against Atlanta on Thursday night, with the team tweeting out a picture of Valanciunas with a quote from him saying, "I'm back".

Owner Robert Pera issued a statement Friday morning after the franchise confirmed the trade netting Memphis a trio of players and a second-round draft pick in the 2024 draft.

Valanciunas is averaging 12.8 points and 7.2 rebounds while Wright is scoring 6.9 points per game and Miles is putting up 5.5 points.

Memphis is now $668,000 below the luxury tax threshold. Casspi, 30, has been sidelined with a knee injury, and his return this season wasn't guaranteed. The Memphis Grizzlies are averaging 100.3 points on 44.9 percent shooting and allowing 103.6 points on 44.9 percent shooting.