The Memphis Grizzlies are flipping newly acquired guard Patrick Beverley to the Minnesota Timberwolves in exchange for Jarrett Culver and Juancho Hernangomez. Memphis had Beverley for less than a day before moving him to Minnesota.

Beverley replaces Ricky Rubio as the veteran point guard on the Wolves roster. Minnesota is hopeful of making a climb into playoff contention and Beverley should help bolster those hopes.

The Grizzlies now have 18 players on guaranteed contracts, after they completed a second trade in a matter of days. Hernangomez is currently recovering from a shoulder injury suffered with the Spanish national team. When healthy, he'll add some additional frontcourt depth for Memphis.

Jarrett Culver hasn't panned out as hoped for after being a high lottery pick. It's unclear if he'll stick with the Grizzlies, who have a crowded backcourt.