The Blazers have traded Bonzi Wells to the Grizzlies for Wesley Person, a conditional first-round pick in the 2004 Draft and cash considerations.

"We're very excited about the opportunity to acquire a player of the caliber of Bonzi Wells. He is a very talented player who is young, and already has quite a bit of experience of being successful in this league," West said in the statement. "We are very hopeful that this opportunity provides a fresh start for Bonzi in Memphis and that he enjoys joining a rising young team in the Grizzlies. We're very optimistic Bonzi will provide a significant presence in our lineup."