The “Houston Chronicle” has reported that the Houston Rockets have traded veteran guard Steve Francis to the Memphis Grizzlies along with a second round pick in the 2009 NBA Draft, that once belonged to Memphis, in exchange for a conditional second round pick in 2011. The trade in reality was Houston trying to create some salary cap and roster flexibility.

The player formerly referred to as the “Franchise” signed with the Rockets as a free agent in the Summer of 2007. He has not played since having surgery on his right knee back in late February. Rockets General Manager Daryl Morey told reporters “We did this deal really for two reasons. First, to get flexibility with the salary cap to sign players and also for Steve to have a chance to get playing time, which had become very difficult here. This gives us what we wanted, which was the flexibility for trades and the ability to take back a little more salary in a trade. When we signed Landry this summer, it put us over, and this will get us enough under so that we can sign a player.”

There has been speculation that that player would be the “Ancient Warrior” center Dikembe Mutombo who was huge for the Rockets down the stretch last season. There have been reports that the San Antonio Spurs, and the Boston Celtics may both have interest in Deke.

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