The Grizzlies aren't getting much for Mike Conley or Marc Gasol.
Imagine asking someone to give up something of value to overpay Mike Conley $66M the next 2 seasons and he isn't even close to being a #1 or #2 level player and had his season ended 2 or the last 3 seasons due to injuries.
Marc Gasol is on the decline and from what I heard has a trade kicker.
On a side note, Chris Wallace needs to be fired right now.

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