Loaded with point guards, the Memphis Grizzlies decided to trade one away, according to reports.

The Wizards will receive New Orleans’ Mike James and Memphis’ Javaris Crittenton in the exchange, with the Hornets acquiring Washington’s Antonio Daniels and the Grizzlies coming away with a future first-round pick. New Orleans also received a conditional second-round pick from Memphis.

The pick is a conditional first-rounder that Memphis had sent to Washington in the trade to acquire Spanish guard Juan Carlos Navarro in the 2007 offseason. Navarro returned to club power FC Barcelona in his native country this season.

This looks like a good deal for both the Wizards and the Grizzlies. The first round pick was originally the Grizzlies’; here are the details:

Washington receives a 2009 Memphis first-round pick. (protected) top 16 in 2009, top 14 from 2010-12 and top 12 in 2013. (Juan Carlos Navarro trade 081607).

So instead of hoping for the Grizzlies to finish outside the top 12-16 over the next five years, the Wizards decided to exchange that pick for a point guard prospect (Crittenton), who is most famous for being a part of the trade that sent Pau Gasol to the Lakers.

It’s a good trade for the Grizzlies as well because they no longer have that first round pick hanging over their heads. It probably wouldn’t have mattered for the next couple of seasons, but if the Grizzlies were to turn into a playoff contender, they would lose that first round pick once they finished outside the top 12-16 picks in the draft, depending on the year.

However, if Crittenton turns out to be a player, Chris Wallace will have some more egg on his face.