The Houston Rockets traded guard Steve Francis to the Memphis Grizzlies. The Rockets included their 2009 second round draft choice with Francis.

In exchange, the Rockets receive a trade exception worth roughly $2.6 million and a conditional 2011 second round pick from Memphis.

The Grizzlies, then located in Vancouver, selected Francis with the second overall pick in the 1999 draft. Francis refused to play for the Grizzlies and was quickly traded to Houston.

Via CBS Sports

Houston Rockets, Memphis Grizzlies

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