The deal, which was first reported on Sunday by ESPN’s Adrian Wojnarowski, will send two second round picks and the draft rights to Satnam Singh to Memphis. Wojnarowski reports it’s a three-year, $29 million deal.
The Mavs officially announce the deal Monday evening.
Wright, 27, averaged 12.2 points, 5.3 assists and 5.4 rebounds in 26 games, including 11 starts, for the Grizzlies after he was traded from Toronto on Feb. 7 in a deal for Marc Gasol. He was the 20th overall pick in the 2015 draft by the Raptors.