The Raptors pulled out all the stops ahead of the NBA's 3pm EST trade deadline on Thursday.
The deal is interesting as it provides not only depth across the roster but also provides the Grizzlies a solid guard in Wright who could even see additional minutes if Conley is dealt.
"Marc brings significant playoff experience to our team, which along with his savviness and leadership skills really helps position us for our ultimate postseason goal", Raptors president Masai Ujiri said Thursday night.
"I think with a player like Marc, we had talked about it for some time, it lined it up well for us I think (Gasol is still) a very strong player". On top of that, Greg Monroe and Malachi Richardson were moved in separate deals as a way to gain some roster and financial flexibility.
Wright (6-5, 183), who will wear jersey #2, has appeared in 49 games (two starts) and has averaged 6.9 points, 2.6 rebounds and 2.2 assists in 18.3 minutes while shooting 43.3 percent from the field, 33.3 percent from three-point range and 86.9 percent from the free throw line this season. The 76ers and Bucks also made major moves ahead of the trade deadline, with Philly landing Tobias Harris and Milwaukee getting Nikola Mirotic.
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Even before these subsidies, New York City has been struggling to fund acceptable public transportation and affordable housing. He further added that Amazon wanted to "be part of the growth of a community where our employees and our company are welcome".
Pera praised Gasol as a pillar of the Grizzlies for 11 seasons and part of the core that shaped the franchise's identity on and off the court.
The three-time All-Star is averaging 15.7 points, 8.6 rebounds and 4.7 assists over 53 games this season in Memphis, his 11th in the National Basketball Association. Conley is third at 12 seasons.
Owner Robert Pera issued a statement Friday morning after the franchise confirmed the trade netting Memphis a trio of players and a second-round draft pick in the 2024 draft. Anthony Davis is averaging 29.3 points and 13.3 rebounds while Jrue Holiday is averaging 20.9 points and eight assists.
Gasol is slated to make US$24.1 million this season and has a player option for $25.6 million next season.