Bulls trade Justin Holiday to the Memphis Grizzlies

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In addition, the Bulls are receiving two second round draft picks.

In 29 games this season with Memphis, Brooks averaged 6.6 points and 1.6 rebounds in 13.3 minutes per game.

The Grizzlies hope Holiday - averaging 11.6 points - provides a lift. Now, the front office has traded away one of its few veteran voices in the locker room in Justin Holiday. He's shooting 40.4 percent overall and 31.7 percent on 3-pointers. So far this season, Holiday is one of 14 players in the league averaging at least seven 3-point attempts per game, which will help a team that ranks 28th in the league in made 3s on a per-game basis.

In addition to playing in Belgium and Hungary, Justin Holiday has spent 6 seasons in the National Basketball Association, producing career totals 7.9 points, 2.8 rebounds and 1.5 assists a game for Philadelphia, Golden State, Atlanta, New York and Chicago - winning an National Basketball Association title with Golden State in 2015. Selden was a part of the regular rotation in Memphis for most of the season, but his workload had fallen off over the past month.

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With the move, the Bulls need to waive a player and Wojnarowski is reporting that it will likely be guard Cameron Payne that is let go.

The cost to Memphis here is a pair of second-round picks, both of which have a chance to end up in the top half of the round and be reasonably valuable. Payne was acquired from the Oklahoma City Thunder in 2017 in the deal that the Bulls sent Taj Gibson and Doug McDermott to the Thunder.

Chicago traded its 2019 second-round pick to the Lakers in July 2016 in the Jose Calderon deal that freed up salary-cap space to sign Dwyane Wade.

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