Grizzles acquire Justin Holiday from Bulls

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Selden, 24, is averaging 5.4 points in 14.2 minutes across 32 games. As a result, the hope is that he'll be given an extended look in Chicago, but at this point it's too early to gauge what his role will look like.

Holiday provides the Grizzlies with the 3-and-D wing they've been pursuing after a three-team deal that would've netted Kelly Oubre Jr. fell apart. He's shooting 40.4 percent overall and 31.7 percent on 3-pointers. "Hopefully Wayne can help us shore down that wing defender position as well".

A starter for the Bulls, Justin Holiday heads to the Grizzlies with averages of 11.6 points and 4.4 rebounds. That spot could, however, be useful come buyout season.

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It's not a superstar return for the Bulls to be sure, but as long as Chicago plans on actually using those picks as something besides a foolhardy cash grab they'll help with the rebuild.

What's more is Hutchison could've received more playing time without sending Holiday to the Grizzlies. Holiday's skill set held relatively little value to a non-contender, and in the final year of his deal he was all but certain to get moved by the deadline. A first-round pick would've been more ideal. There's certainly upside in getting Memphis' picks. He played a few games for the New Orleans Pelicans in 2016-17 on a 10-day contract, and was then signed by the Grizzlies for the remainder of 2016-17, lasting through this season. Since Payne was in the final year of his rookie contract, waiving him has no long-term cap ramifications for Chicago.