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Rockets acquire center Steven Adams (knee) via trade with Grizzlies

The Houston Rockets are acquiring center Steven Adams (knee) from the Memphis Grizzlies via trade, ESPN's Adrian Wojnarowski.

What It Means:

The Rockets are sending Victor Oladipo and a trio of second-round picks to the Grizzlies in compensation for Adams, who is still recovering from the season-ending surgery he underwent earlier this year. Adams is expected to be fully healthy for the 2024-25 season, but won't appear for the Rockets this year.

Adams, 30, will be under contract with the Rockets for the 2024-25 season, but we'll have to wait and see if the team has plans to utilize him in a year's time. On the flip side, Oladipo could play a significant role for the banged up Grizzlies over the remainder of the 2023-24 season, if he is able to return from his own knee injury.