 For the season, Speights averaged 5.4 points and 3.3 rebounds, both career lows.On January 4, 2012, Speights was acquired by the Memphis Grizzlies as a part of a three-team trade that sent Xavier Henry to the New Orleans Hornets and two future second round picks to the Philadelphia 76ers.On June 29, 2012, the Grizzlies extended a qualifying offer to Speights, making him a restricted free agent.