Newest Grizzlies Tayshaun Prince, Austin Daye and Ed Davis aren't in uniform yet after a three-team trade that sent Rudy Gay and Hamed Haddadi to the Toronto Raptors.

But Griz general manager Chris Wallace said Thursday afternoon that with the NBA trade deadline still weeks away, the Grizzlies may not be finished wheeling and dealing, especially since the team received a trade exception of approximately $7.5 million in the deal with the Raptors and the Pistons.

"It's very possible (to make another deal) because we don't have to include one of our players because of receiving trade assignments," Wallace said at a press conference in the Grizzlies' practice facility in FedExForum. "We now can be a team that can relieve a luxury-tax burden on another team. We can go someplace, see a player we like that's out of a rotation and get him using this $7.5 million trade exception that's good for the next 365 days. It's a very valuable piece of real estate."

In a separate interview, team CEO Jason Levien touted the trade for its long- and short-term benefits.

"We had an opportunity to make a move that improves our team and we took it," Levien said. "It was very important for us. We brought back players who can help us now and help us in the future. Our vision is to take the next five years and give ourselves the best opportunity we can to compete at the highest level and go for it. We're laying the foundation for us to be stronger going forward."

As for this season, he said: "We believe in this season. We gave ourselves an opportunity to compete with anybody. We added a player in Tayshaun who is battle-tested and a guy in Ed Davis who we think is a tremendous talent."

Wallace said that the 6-9 Prince and the 6-11 Day, acquired from Detroit, and the 6-10 Davis, plucked from Toronto, likely won't be in uniform until Tuesday when the Grizzlies play Phoenix at FedExForum.

The Grizzlies (29-15), fourth in the Western Conference, play at Oklahoma City (34-11) Thursday night, then return home Friday to play the Washington Wizards (11-33), currently tied with Charlotte for the NBA's worst record.