The Toronto Raptors are considering a franchise-altering trade.
In exchange for Rubio, the Jazz could get Mike Conley. He's averaging 20.3 points, 6.3 assists, and 3.4 rebounds per game.
The Memphis Grizzlies seem to have resigned themselves to their fate, and are approaching this trade deadline as an opportunity to hit the reset button and trade away Marc Gasol and Mike Conley.
Conley, 31, has two years remaining on a contract that pays him $32.5 million in 2019-20 and $34.5 million in 2020-21.
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Valanciunas is nearing a return from a dislocated thumb suffered in December. The Detroit Pistons have also offered packages centered around Reggie Jackson, while the Raptors reportedly offered Jonas Valanciunas and Kyle Lowry for both Conley and Gasol.
A name like Ricky Rubio is interesting for a team like Memphis because he's on an expiring contract with less than half the season to go. The 6-foot-1 point guard is having an excellent season in Memphis, the only team he has known in his 12-year National Basketball Association career.
Conley would not only bring a scoring upgrade over Rubio (who still can't knock down consistent jumpers), but the cagey veteran has shown the ability to lead an offense over the course of his career with the likes of Marc Gasol and Zach Randolph.
It doesn't look like the Grizzlies are now a team that is going to be a contender in the Western Conference. According to Wojnarowski, that was the first time Memphis was preparing to weigh deals involving the team's cornerstone player.