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NBA trade grades: What the Valanciunas-Adams swap means for the Memphis Grizzlies and New Orleans Pelicans

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What does the Pelicans' trade mean for their free-agency plans? (1:04)

Adrian Wojnarowski explains how the Pelicans' trade with the Grizzlies allows them to have more financial flexibility during free agency. (1:04)

The Memphis Grizzlies are finalizing a deal to send center Jonas Valanciunas and this year's No. 17 and No. 51 picks to the New Orleans Pelicans in exchange for Steven Adams, Eric Bledsoe, Nos. 10 and 40 in Thursday's draft and a top 10-protected 2022 first-rounder (via the Los Angeles Lakers), sources told ESPN's Adrian Wojnarowski.

What does this mean for New Orleans' offseason? And what does this signal for Memphis?

Kevin Pelton hands out trade grades for both teams.

The deal

Pelicans get: Jonas Valanciunas, Nos. 17 and 51 picks in the 2021 draft

Grizzlies get: Steven Adams, Eric Bledsoe, Nos. 10 and 40 in the 2021 draft and a top 10-protected 2022 first-round pick (Lakers)