Memphis Grizzlies Traded Jeremy Pargo to Cleveland Cavaliers

The Cavs acquired point guard Jeremy Pargo from Memphis, along with a 2014 second-round draft choice and cash. Heading to the Grizzlies is D.J. Kennedy. Per the Plain Dealer: “Our approach remains consistent as we try to bring in young talent, create future opportunity with draft picks as potential assets and maintain flexibility,’ Cleveland Cavaliers GM Chris Grant said in a press release. ‘Jeremy adds depth to our backcourt. He is a young, aggressive, athletic guard who we feel fits well with our style of play, both defensively and offensively.’ Pargo, 26, played in 44 games (five starts) for the Grizzlies last season, averaging 2.9 points and 1.3 assists in 9.7 minutes. In 2010-11, the 6-foot-2, 218-pound point guard played in 32 games for Maccabi Electra Tel-Aviv, averaging 10 points, 3.5 rebounds and 6.3 assists in 27 minutes per game. Kennedy played in two games for the Cavs last season after being called up from the DLeague. He averaged 6 points, 3.5 rebounds an 1.5 assists in 29.5 minutes.”