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Grizzlies acquire Speights from 76ers in three-team trade

The Grizzlies have acquired forward/center team trade that also includes the Hornets.

The Grizzlies sent a 2012 second-round draft pick to the Sixers in exchange for Speights, while sending guard Xavier Henry to New Orleans. The Hornets also sent a future second-round pick to Philadelphia.

More to follow.