Los Angeles, CA (My Sportsbook) - The Los Angeles Clippers reportedly cleared some cap space for 2010, sending forward Zach Randolph to Memphis in exchange for forward/guard Quentin Richardson.

Several media sources are reporting the exchange. Randolph is set to make $33 million over the next two seasons, while Richardson makes $9 million in 2009-10, the last year of his deal.

Not only does the deal clear significant cap space for Los Angeles, but the Clippers will also receive an $8 million trade exception because of the salary differences.

League rules prevent the deal from being completed until next week.

Richardson has now been traded twice in a week and comes back to where his career began. The 6-foot-6 DePaul product was traded from New York to Memphis on draft night in exchange for Darko Milicic.

The 29-year-old, who was the Clippers' first-round pick in 2000, averaged 10.2 points in 72 games for the Knicks last season and holds a 11.5 career points per game average. He spent the first four seasons of his career with the Clips, averaging a career-high 17.2 points per game in his last season with the club in 2003-04.

Randolph, who split last season with New York and Los Angeles, will head to the Grizzlies after putting up over 20 points a game in 50 combined contests with the two clubs. The 27-year-old has career averages of 16.7 points and 8.3 rebounds in 506 career games with Portland, New York and the Clippers.