That Wolves trade that has been in the works for days and days -- shooting guard Wayne Ellington to Memphis for forward Dante Cunningham -- will finally be official later today.
The Wolves are dealing away a 2009 first-round draft pick (28th overall) who was only going to see playing time this season if there were many injuries and getting back a guy who plays both forward spots and is active on defense.
Both players make almost exactly the same salary -- a little more than $2 million a season -- but the deal gives the Grizzlies another shooter and gives the Wolves a needed forward for a team that has added guards Brandon Roy and Alexey Shved but lost Michael Beasley, Anthony Randolph and quite possibly Anthony Tolliver from the frontcourt.
Portland drafted Cunningham 33rd overall out of Villanova in 2009 -- third pick in the second round, five picks after the Wolves took Ellington -- and traded him to Charlotte in February 2011. He signed as a restricted free agent just before the start of last season.
The Wolves also could officially announce their first free-agent signing -- Shved's -- as soon as Wednesday.
The others, including Boston center Greg Stiemsma, might not come until the Wolves line up any other moves in case they want to fit one signing into an salary-cap exception slot.