NBA Trade Rumors: Memphis Grizzlies, Minnesota Timberwolves nearing deal?

Jan 24, 2014; Houston, TX, USA; Memphis Grizzlies small forward Tayshaun Prince (21) drives the ball during the fourth quarter as Houston Rockets point guard Patrick Beverley (2) defends at Toyota Center. Mandatory Credit: Troy Taormina-USA TODAY Sports

The Memphis Grizzlies and Minnesota Timberwolves have reportedly been in trade discussions for quite some time now and it appears they are getting closer to hammering out a deal, this according to Ken Berger of CBS Sports.

The Grizzlies and Timberwolves have gained momentum on a deal that would send Tayshaun Prince and Tony Allen to Minnesota, sources say.

While Berger doesn’t go on to suggest the return that would be heading to Memphis, it’s reasonably safe to assume it will involve swingman Chase Budinger as he was the main piece talked about yesterday in such a swap.

It’s a hefty salary swap given both Tayshaun Prince and Tony Allen still have time remaining on their contracts.

Prince will be entering the final year of his contract during the 2014-15 season which will pay him $7.7 million dollars while Allen still has three years and about $15 million dollars left on his.

As for Budinger, he is under contract next season at $5 million dollars and holds a player option for the 2015-16 season at $5 million dollars as well.

From a financial standpoint, the Timberwolves would need to add additional contracts to make such a deal work.

Topics: Memphis Grizzlies, Minnesota TImberwolves, NBA Trade Rumors

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