Grizzles acquire Justin Holiday from Bulls

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The deal was first reported by ESPN's Adrian Wojnarowski.

Both Brooks and Selden were meant to be included in a three-team trade with the Phoenix Suns and Washington Wizards, which would've brought the Grizzlies back young forward Kelly Oubre.

The Bulls sent shooting guard Justin Holiday to the Grizzlies for shooting guards Wayne Selden and MarShon Brooks, as well as two second-round draft picks. According to Shams Charania, the Bulls neither plan on having Brooks report to the team or to waive him.

He holds career National Basketball Association averages of 8.0 points, 2.1 rebounds and 1.4 assists in 17.3 minutes per game. He is producing 11.6 points, 4.4 rebounds and 2.2 assists in 38 games. Brooks, a five-year veteran, has only played 13.3 minutes per game for Memphis this season. It has always been thought that the Bulls would try end rid themselves of a player or two, prior to the February 7 trade deadline.

Payne came to Chicago via a trade with the Oklahoma City Thunder in the 2016-17 season.

Payne averaged 5.7 points in 31 games with the Bulls this season.

Holiday provides the Grizzlies with the 3-and-D wing they've been pursuing after a three-team deal that would've netted Kelly Oubre Jr. fell apart.

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