The Memphis Grizzlies have acquired Shane Battier and Ishmael Smith from the Houston Rockets in exchange for Hasheem Thabeet, DeMarre Carroll and a future, lottery-protected first-round draft pick, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.

The move reunites the Grizzlies and the City of Memphis with Battier, one of the most-popular and effective players in franchise history.

“We are thrilled to have acquired a player of Shane’s caliber as we make a push toward the playoffs,” Wallace said.  “Shane is remembered fondly in our Memphis community for his contributions to the franchise’s prior postseason runs, and we expect that his combination of shooting, defense and leadership will be key ingredients in helping us get back there.  We are also pleased to add Ishmael Smith, who has a bright future in this league.”

The first-ever draft pick in the Memphis era (No. 6 overall in 2001), Battier starred for five seasons in the Bluff City (2001-06), averaging 10.5 points, 4.8 rebounds and 1.28 steals in 32.3 minutes in 396 games (279 starts).  The franchise’s all-time leader in steals (507), Battier also ranks in the top 10 in team history in points (4,160, 6th), rebounds (1,908, 7th), blocks (418, 3rd), three-point field goals made (389, 4th), free throws made (765, 7th), games played (3rd) and games started (5th).