The MEM pick is, IIRC, top 14 protected for the next 3 years, and some dumb thing happens if Hou(now Minn) doesn't get it after 3 years, like a 2nd round pick and cash or something like that. Coulda been a 15-20 pick which is nice, and Memphis could fall between that range, ie get knocked out early in playoffs.
It's a 2nd round pick if Memphis doesn't make the playoffs over the next two seasons (it's two right).
If we don't make the playoffs, we keep our lottery pick. If the Knicks pick isn't in the top 5, we also get their pick. Pugs