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Grizzlies Trade Mike Conley to the Jazz in Blockbuster Deal

MEMPHIS, TN - APRIL 20:  Mike Conley #11 of the Memphis Grizzlies celebrates against the San Antonio Spurs in game three of the Western Conference Quarterfinals during the 2017 NBA Playoffs at FedExForum on April 20, 2017 in Memphis, Tennessee.   NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement  (Photo by Andy Lyons/Getty Images)
Andy Lyons

In truth, the Memphis Grizzlies were determined to move Mike Conley before the past season's Feb. 7 NBA trade deadline, and though a deal could not be completed in time, everybody expected the two sides to part ways at some point in the offseason.

Well, that has just happened. And in a big way.

Per Shams Charania (first report) Adrian Wojnarowski (details), the Grizz have traded the veteran point guard to the Utah Jazz in exchange for Jae Crowder, Grayson Allen, and Kyle Korver. The deal also includes Utah receiving the No. 23 overall pick in Thursday's draft AND a future first-rounder.

The Jazz will take on the final two years of Conley mammoth contract. The Ohio State product will make a whopping $32.5 million next season, and now has the extent of the $34.5 million in his 2020-21 final season fully guaranteed after playing in more than 55 games last season.

The Jazz have always been the frontrunners to land Conley, as they've been searching for a veteran point guard as they look to make deeper playoff runs in the Western Conference.

Memphis and Utah, however, won't be able to label the deal official until July 6, when the Jazz can take on Conley's deal with cap room.