UPDATE: This trade was folded into a larger three-team deal and is now official.
The Grizzlies have agreed to acquire the No. 30 pick from the Celtics, according to ESPN’s Adrian Wojnarowski (Twitter links). Memphis will use the selection to draft TCU shooting guard Desmond Bane, Woj adds.
In exchange for that No. 30 pick, Boston will receive two future second-round picks from the Grizzlies, tweets Adam Himmelsbach of The Boston Globe.
The Celtics had three first-round selections but didn’t want to add that many rookies to a team with championship aspirations. They will apparently retain their first two picks — Vanderbilt’s Aaron Nesmith (No. 14) and Oregon’s Payton Pritchard (No. 26).
Bane, 22, is viewed as one of the draft’s best shooters and could compete for a rotation spot as a rookie. He improved his draft stock with strong workouts and interviews, according to ESPN’s Jonathan Givony.
A four-year college player, Bane averaged 16.6 PPG, 6.4 RPG and 3.9 APG as a senior.