The Phoenix Suns are trading forward Josh Jackson, the No. 4 overall pick in the 2017 NBA Draft, along with guard De'Anthony Melton to the Memphis Grizzlies in exchange for guards Kyle Korver and Jevon Carter, ESPN's Adrian Wojnarowski reported Wednesday.
Wojnarowski reported the Suns plan to buy out Korver's partially guaranteed contract. Korver is set to make $7.5 million next season before becoming an unrestricted free agent after the season.
The Grizzlies will also receive second-round picks in 2020 and 2021, per Wojnarowski.
The 22-year-old Jackson averaged 11.6 points and 3.5 rebounds in 79 games for the Suns last season. In May, he was arrested in Florida and was charged with a felony for escape and a misdemeanor for resisting an officer.
The 23-year-old Carter was a second-round pick in 2018. He averaged 4.4 points and 1.8 assists in 39 games for the Grizzlies in his rookie season.
The 21-year-old Melton averaged five points and 3.2 assists in 50 games for the Suns last season.
The Suns also reportedly plan to sign free-agent point guard Ricky Rubio to a three-year, $51 million deal. The Jackson trade will reportedly give the Suns enough salary-cap space to complete that signing.