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.?