The New Orleans Pelicans and Memphis Grizzlies have made a pre-draft day trade, swapping Steven Adams, Eric Bledsoe, and two future first-round picks, including Thursday’s 10th pick, for Jonas Valanciunas and the 17th pick.

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ESPN confirmed the trade, citing the Pelicans are creating financial flexibility with the aim to match offer sheets for Lonzo Ball and potentially make a run at stars like Kyle Lowry. The Pelicans now have as much as $36 million in salary-cap space.

Last year, Valanciunas averaged 17.1 points and 12.5 rebounds across 28.3 minutes per game.