The second-rounders are a 2025 pick originally owned by the Pelicans, as well as Memphis’ own 2028 and 2029 picks.
The first-round pick swaps will involve the less favorable of the Suns and Wizards‘ picks, Wojnarowski adds (Twitter link). Phoenix gave Washington the right to swap first-rounders in those years as part of the Bradley Beal blockbuster. Todd was also included in the Beal trade, so he’s been involved in two deals so far this summer.
Todd, an early second-round pick in 2021, only appeared in six games for the Wizards last season and wasn’t in the Suns’ plans going forward. He’s owed a guaranteed $1.84MM salary for the 2023/24 season, with a $1.99MM team option for ’24/25.
The trade will allow the Suns to move off Todd’s guaranteed salary and get down to 15 players on standard contracts without requiring the team to waive him and take the luxury-tax hit that would come from adding a replacement. Phoenix will also acquire some future second-rounders after dealing six away to Washington in the Beal trade, putting the team in position to use one or more of those picks as part of a future deal.
While it’s unclear whether or not Todd will still be on their roster by the start of the regular season, the Grizzlies are essentially betting on their future in the short and long term by giving themselves an opportunity to move up in the first round next June, as well as in 2030.