According to this article from the Memphis Newspaper, Memphis has it’s eye on Dorell Wright…

Meanwhile, the Griz haven’t abandoned their quest to potentially add another player through free agency or trade. Memphis is one of several teams showing interest in Miami Heat swingman Dorell Wright.

The Heat appears to be faced with the choice of dumping Wright or paying the NBA’s luxury tax.

Wright, a 6-9 forward, is earning $2.9 million this season. A versatile and energetic player, Wright is seen as expendable only because the Heat is unlikely to be in a position to re-sign him this summer.

Miami stands roughly $2.8 million over the tax threshold, after reducing its payroll by about $500,000 with last week’s trade of guard Chris Quinn to the New Jersey Nets.

Should the Heat get below the tax threshold, with the Feb. 18 NBA trading deadline essentially the cutoff for doing so, it would be eligible to share in a tax redistribution given each non-taxed team.

It’s no secret that the Griz have been shopping one or more of their three 2010 first-round draft picks.

A few things here… the Heat are trying to get under the luxury tax and wiping DW1 off the books accomplishes that. They probably need to renounce his rights in the offseason anyway to add a bigtime free agent, even though he is Wade’s BFF, which I am sure will cause some distress in the locker room.

Having an extra first round pick is VERY valuable, since we’d be trying to fill out our roster on the cheap next season OR to package it in trades for incoming contracts (since we’ll be under the salary cap, for example, we can give a team two picks for a contract like Caron Butler, or something like that).

Memphis has Denver’s and the Lakers’ picks for this year in addition to their own.