All the time we spent fretting over who the Timberwolves would take with the third overall pick (hey, you spend five hours live blogging the entire NBA draft and you're allowed to come up with headlines like that too, okay?) is all for naught because of a deal that broke shortly after the draft.

Minnesota and the Memphis Grizzlies have apparently made a monster swap -- a far bigger deal than that new Minny logo -- that revolves around their two first round picks. The Timberwolves will receive the draft rights of Kevin Love, Brian Cardinal, Jason Collins and Mike Miller. In exchange, the Grizz will receive O.J. Mayo, Marko Jaric, Antoine Walker and Greg Buckner.

Obviously, Mayo and Love are the two big components in this deal. Kevin McHale has made no secret of his Love-love leading up to the draft, but knew he had to take Mayo in the third slot, because of their draft position. However, the addition of Miller is pretty ridiculous, as is the dumping of Jaric's contract (although the loss of his ladyfriend Lima certainly hurts).

For the Grizzlies, they get Mayo, of course, and he could be a pretty nice shooting guard addition beside Mike Conley in the backcourt. The Grizzlies have also been trying to dump Cardinal's contract ever since they gave their last good tradable piece away moved Pau Gasol to the Lakers. Buckner, Collins and Walker are essentially throw-ins to make everything work.

This deal makes a ton of sense for the Timberwolves (and kudos to McHale for a good draft and post-draft) because they were loaded in the backcourt in terms of bodies. Now they sport a lineup that will feature Al Jefferson, Kevin Love, Mike Miller, Randy Foye and Sebastian Telfair, presumably. They also have some nice roster flexibility with Craig Smith, Ryan Gomes and Rashad McCants coming off the bench, and suddenly look like a pretty good team, at least on paper.

The deal looks a little more, um, strange, from the Memphis side, but suddenly they have a ton of upside in a lineup that has Conley and Mayo in the backcourt, with Rudy Gay at the three and Darko Milicic manning the paint. Hakim Warrick would play the four over Walker. In other words, if Mayo pans out like he could, there's a lot to like about the way this team has been blown up and recreated, at least in terms of down the road.

And down the road is exactly how this trade will have to be evaluated, since neither is winning the Western Conference in 2008-09, but if you're going to measure immediate impact, you have to hand it to McHale and Minny for getting the best possible deal out of their third position in the draft.