Chris Mihm has officially been a member of the Grizzles for a week, but still hasn't participated in a game or even a team practice.

Mihm might not be able to play this season because of an ankle injury, but a team official has confirmed that Memphis doesn't plan to waive or negotiate a buyout with the veteran center.

His $2.5 million contract will expire at the end of the season.

The Memphis Grizzlies acquired from the Orlando Magic their 2009 unprotected first round draft pick, guard Mike Wilks, center Adonal Foyle and cash considerations and sent guard Kyle Lowry to the Houston Rockets as part of a three-team trade, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.  As part of the trade, Orlando will receive guard Rafer Alston from Houston in exchange for forward Brian Cook.

?It was difficult to part with Kyle Lowry,? Wallace said. ?He has been an important part of our team the last three seasons.  With the emergence of Mike Conley, we decided that the acquisition of Orlando?s unprotected first round pick was a good move to make.  We now will enter the upcoming draft with two first round selections and three picks overall, likely inside the first 37 picks.?

A three-way deal that would send Rafer Alston to Orlando has reportedly been submitted to the league office.

Front office sources have told ESPN that Houston would receive Memphis guard Kyle Lowry, Orlando forward Brian Cook along with Mike Wilks and Adonal Foyle according to the Orlando Sentinel

The Grizzlies would receive a first-round pick from Orlando in the deal.

The Suns and Grizzlies were still discussing an Amare Stoudemire trade on Wednesday.

Phoenix was trying to acquire Rudy Gay, Hakim Warrick, Mike Conley and a 2009 first-round pick for Stoudemire.

Memphis declined the Suns' attempts again.

The Memphis Grizzlies added depth to the team?s frontcourt by acquiring Chris Mihm from the Los Angeles Lakers, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.  The Grizzlies also received cash considerations in exchange for a 2013 protected second round draft pick.  

The 7-0, 265-pound center holds career averages of 7.5 points, 5.3 rebounds and 1.02 blocks in 20.1 minutes in eight seasons with the Cleveland Cavaliers, Boston Celtics and Lakers.

For the second time this season, the Memphis Grizzlies have assigned center Hamed Haddadi to the NBA Development League's Dakota Wizards, the club's D-League affiliate, Grizzlies' General Manager and Vice President of Basketball Operations Chris Wallace announced today.

Haddadi will return to Dakota after posting 6.0 points, 5.9 rebounds and 1.55 blocks in 17.7 minutes in 11 games (seven starts) after being assigned to the Wizards on Nov. 24.  Memphis recalled the 7-2, 280-pound center on Dec. 24.

The Grizzlies have unveiled three different billboards featuring O.J. Mayo in Phoenix as part of their Rookie of the Year campaign.

The billboards are in conjunction with the launch of voteoj.com.

"The great city of Memphis is fortunate enough to see O.J. Mayo every day, and we wanted to help share his basketball brilliance with the entire NBA community," said Greg Campbell, Memphis president of business operations. "We decided that there would be no better place than Phoenix, with the national spotlight on All-Star Weekend to debut O.J.'s Rookie of the Year campaign."

Grizzlies owner Michael Heisley acknowledged his recent involvement in trade discussions regarding All-Star forward Amare Stoudemire and said he rejected the Phoenix Suns? proposal.

?We had conversations,? Heisley said Wednesday, confirming a Yahoo Sports report that Phoenix owner Robert Sarver initiated contact with Memphis. ?But there is no deal on the table. I think they?ll go somewhere else.?

The Suns are said to have asked the Griz to consummate a deal that included forwards Rudy Gay and Hakim Warrick, and point guard Mike Conley.

The likelihood of Stoudemire going to Memphis is slim, but several NBA insiders asserted that Phoenix and Miami would like Memphis to facilitate a deal that would send Stoudemire to join Dwyane Wade. One scenario has the Grizzlies possibly acquiring Heat rookie forward Michael Beasley in the three-way transaction.

J.R. Smith of the Denver Nuggets has been selected to replace injured Rudy Gay (left hip flexor strain) of the Memphis Grizzlies in the 2009 Sprite Slam Dunk contest to be held on Saturday, Feb. 16 at US Airways Center in Phoenix. Smith previously participated in the 2005 Sprite Slam Dunk contest.

The NBA has chosen Kevin Durant, O.J. Mayo and Joe Johnson to participate in the H-O-R-S-E contest during All-Star Weekend.

The contest will take place outdoors on Saturday in Phoenix before TNT televises the All-Star Saturday night festivities.

Players will have 24 seconds to execute their shots, and an NBA referee will rule if they're done properly.