Grizzlies acquire Matt Barnes; Hornets trade Luke Ridnour for Jeremy Lamb

— -- The Memphis Grizzlies have acquired forward Matt Barnes from the Charlotte Hornets in exchange for veteran point guard Luke Ridnour, the teams announced Thursday.

The Grizzlies intend to keep Barnes, sources said. Only $1 million of Barnes' $3.5 million salary is guaranteed if he's waived before Wednesday, but Memphis wants Barnes for perimeter depth.

Ridnour, meanwhile, didn't stay in Charlotte long, as the Hornets traded him and a conditional 2016 second-round draft pick Thursday to the Oklahoma City Thunder for guard Jeremy Lamb. That deal comes just a day after Ridnour was traded by the Orlando Magic to the Grizzlies.

The Hornets have been busy this offseason.

They acquired Barnes earlier this month in the trade that sent Lance Stephenson to the Los Angeles Clippers. Charlotte also snagged Nicolas Batum from the Portland Trail Blazers on Wednesday.

Barnes, 35, is in the final year of his contract. He averaged 10.1 points, 4.0 rebounds and 1.1 assists while starting 74 games for the Clippers in 2014-15.

Barnes, however, wore out his welcome in Los Angeles, as his on-court temper and penchant for getting fined constantly irked head coach and president of basketball operations Doc Rivers, who had been looking to deal him for about two years.

The 34-year-old Ridnour averaged 4.0 points and 2.0 assists while playing 47 games for the Magic last season.

The 14th overall pick in the 2003 draft, Ridnour is joining his seventh NBA team. He has career averages of 9.3 points, 4.5 assists and 2.3 rebounds per game.

Lamb, the 12th overall pick in the 2012 draft, will rejoin former UConn teammate Kemba Walker in Charlotte's backcourt. In 148 games over three seasons with the Thunder, Lamb averaged 7.0 points, 2.1 rebounds and 1.1 assists in 15.7 minutes.

"Jeremy Lamb is a quality young wing player who we believe has the talent to help our team," Hornets general manager Rich Cho said in a statement. "We look forward to adding him to our rotation next season."