Hornets Trade Quincy Pondexter To Memphis For Greivis Vazquez

Read More: Quincy Pondexter (G - MEM), Greivis Vasquez (G - NOH)

The New Orleans Hornets and Memphis Grizzlies have swung a Christmas Eve deal, sending Quincy Pondexter to Memphis for Greivis Vasquez, according to Yahoo! Sports' Adrian Wojnarowski.

Both players were first-round picks in the 2010 NBA Draft — Pondexter went 26th, while Vasquez was the 28th selection — and back-ups for their teams in the 2010-11. Pondexter averaged 2.8 points per game and 1.3 rebounds per game for the Hornets, while Vasquez scored 3.6 points per game and dished 2.2 assists per game for the Grizzlies. Vasquez also came on for Memphis in the playoffs, memorably hitting a three-pointer to send the Grizzlies to a second overtime in a Western Conference Semifinals game against Oklahoma City.

The move gives New Orleans additional depth at point guard after Chris Paul's departure, as Vasquez is likely to back up Jarrett Jack. Likewise, Pondexter gives Memphis depth in its frontcourt after an injury to Darrell Arthur.

For more on the Hornets, head to At The Hive; for more on the Grizzlies, visit Straight Outta Vancouver.