July 26 (UPI) -- The Memphis Grizzlies agreed to trade veteran center Jonas Valanciunas to the New Orleans Pelicans on Monday.
League sources told ESPN and NOLA.com that Memphis is sending Valanciunas and the No. 17 overall pick to the Pelicans in exchange for big man Steven Adams, guard Eric Bledsoe and two future first-round picks -- including the 10th choice in Thursday's NBA Draft. According to Yahoo Sports, Bledsoe isn't expected to stay in Memphis.