As first reported by SI.com's Marty Burns, The Orlando Magic and the Memphis Grizzlies made the first big swap of the NBA's trading deadline last night.

Orlando sent their second-leading scorer Mike Miller and rookie forward Ryan Humphrey along with two draft picks to the Memphis Grizzlies for forward Drew Gooden, swingman Gordan Giricek, and about $500,000 in cash.

In this deal, both teams got what they wanted.

For Grizzlies President Jerry West, it was the swingman that he had coveted since last year's draft.

"We are excited to get Mike Miller for our team," West said. "He was the Rookie of the Year just a couple of seasons ago and has the potential to be a terrific player for us."

As for the Magic, they got the bigman they had coveted but were hurt to have to give up Miller.

Magic coach Doc Rivers said McGrady was not happy that the club traded away his buddy. "I told Tracy what was going on," Rivers said. "He wasn't happy, friendship-wise, but basketball-wise, he was happy with it."

Rivers said he, too, was "torn" after having to part with Miller, a third-year pro from the University of Florida.

"I think it's a great trade for us," Rivers said. "We got a guard back who we hope can someday be like Mike. And we got a big [player], who's a rookie, but we think he can be a player. It's one of those deals where you had to do it."

"It was a tough decision. We obviously like Mike Miller," Magic General Manager John Gabriel said. "We think we got two players -- two young players -- who fill our needs. If we were going to part with him, we had to get bigger."

The Grizzlies had originally been offering Stromile Swift and Giricek but Gabriel held out for Gooden and last night, West finally gave in.

The two picks Memphis acquired were picks that Orlando had from other teams. Sacramento's 2003 first-round pick and Denver's 2004 second-round pick.

Orlando expects Giricek and Gooden to eventually move into the starting lineup.

Gabriel also mentioned that he might not be done dealing and could make another deal before the 3 p.m. deadline.

It has been speculated that forward Andrew Declercq might get dealt because of his expiring contract.