Because of the grisly nature of the crime and Wright's celebrity, the case was considered among the highest profile unsolved mysteries in Memphis history.
The case received a boost on November 9 of this year when police in Mississippi found what they suspect to be the murder weapon in a lake about 75 miles southeast of Memphis in Walnut, Mississippi.
Billy Turner, 46, was charged with first-degree murder Tuesday in Memphis, The Commerical Appeal reported.
The 6-foot-11 (210-centimeter) Wright played for the Atlanta Hawks, Memphis Grizzlies and three other National Basketball Association teams as a forward and center over 13 seasons before retiring in 2009. He averaged 8 points per game and more than 6 rebounds per game during his career. She said that he told her that he was about to "flip" the money and left with someone.
When Wright's ex-wife, Sherra, last saw him, she said he was leaving her home with cash and drugs in the apparent hope of a big financial score. Authorities said they heard a man cursing, followed by number gunshots on the call, according to The New York Times. Soon after, police offered a $21,000 reward for information about the case.
According to ESPN, a police dispatcher in the Memphis suburb Germantown received a call from Lorenzen's cell phone on July 19.
A few days after that, Wright's mother filed a missing-persons report.
Wright's body was found in a field near some woods in the height of summer, complicating the investigation because evidence had likely deteriorated in the heat.
The corpse was badly decomposed, weighing 57 pounds (25 kilograms).Wright's playing weight was around 225 pounds (100 kilograms).