The Memphis Grizzlies and Minnesota Timberwolves are close to swapping first-round draft picks, a source with direct knowledge of the situation tells ESPN.com's Andy Katz.

The Timberwolves would send their 16th overall pick to Memphis for the Grizzlies' 25th and 28th picks.  This would give Minnesota four choices in the first round (4th, 23rd, 25th and 28th):

David Stern:  “With the 23rd pick in the 2010 NBA Draft, the Minnesota Timberwolves select… Ricky Rubio.  (to Adam Silver off stage)  Really?”  (Stern walks off stage)

David Kahn:  “We had to make the trade.  It was the only way of convincing Ricky Rubio that we really want him on our team.  He’s the future of Timberwolves basketball.  In fact, I'm also going to pick Rubio 25th and 28th just for good measure.”