The Memphis Grizzlies have agreed to trade Luke Ridnour to the Charlotte Hornets for Matt Barnes.

It looks like the Grizzlies traded for Luke Ridnour yesterday just to get his unguaranteed contract. The Hornets are likely doing the same.

Charlotte can waive Ridnour at no cost (or flip him again if another deal emerges). Waiving Barnes would have meant paying his $1 million guarantee.

Barnes should stick in Memphis, where he’ll provide useful depth on the wing. With Jeff Green opting in, the Grizzlies didn’t have much flexibility to seek help elsewhere. They did pretty good for themselves with this deal.

The Grizzlies with Zach Randolph, Tony Allen, Marc Gasol and Matt Barnes sounds kinda scary, in terms of toughness.

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Source: ProBasketballTalk