Raptors to acquire Marc Gasol, send Jonas Valanciunas to Grizzlies

In the process, the Raptors bid farewell to fan favourite Jonas Valanciunas along with Delon Wright and C.J. Miles who were all shipped to Memphis.

This season, Lowry is averaging a career-high 9.2 assists with 14.2 points and 4.4 rebounds while shooting 41 percent from the field.

The Raptors are now sitting behind the Milwaukee Bucks in second place in the NBA's Eastern Conference. The New Orleans Pelicans held onto Davis but dealt Nikola Mirotic to the Bucks, one of the Eastern Conference contenders who fortified their teams on Thursday, Feb. 7, 2019 before the National Basketball Association trade deadline.

"I've been in rumours so many times I don't even look at it", Valanciunas said. The team is also looking to trade veteran point guard Mike Conley and multiple teams are reportedly interested, including the Utah Jazz. He's under contract until the end of next season, earning $25.6 million. The Sixers made a big move to get Tobias Harris and the Bucks made a big trade to get Nikola Mirotic.

Marc Gasol #33 of the Memphis Grizzlies plays the Denver Nuggets at the Pepsi Center on December 10, 2018 in Denver, Colorado.

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Valanciunas was cleared to play today after missing 25 games with a dislocated left thumb and was expected in Toronto's lineup for Thursday's game at Atlanta.

"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.

Miles is averaging 5.4 points and 1.7 rebounds per game in 40 contests this year. Over 470 career games with Toronto (444 starts), the 26-year-old averaged 11.8 points and 8.4 rebounds.

Over the years, the NBA's trade deadline has been one of the more entertaining times of the season.

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