Rudy Gay appears to be on his way to Toronto.
Several outlets are reporting that the Raptors, Memphis Grizzlies and Detroit Pistons have an agreement in principle that would send Gay to Toronto along with centre Hamed Haddadi.
In exchange, the Raptors will send Jose Calderon and Ed Davis to Memphis. According to Adrian Wojnarowski of Yahoo! sports, the Grizzlies will then send Calderon to the Pistons for Tayshaun Prince and Austin Daye to complete the trade.
Gay, the Grizzlies leading scorer this season, is averaging 17.2 points per game to go along with 5.9 rebounds and 2.6 assists. He is however, shooting a career-worst 40.8 percent from the field.
Besides his scoring, Gay also brings a large contract with him to Toronto. He signed a five-year $82 million deal in the summer of 2010. The 6-foot-8 small forward is due $16.5 million this season with $37 million more over the next two years.
Calderon has averaged 11.1 points and 7.4 assists for the Raptors this season while Davis has averaged 9.7 points and 6.7 rebounds.
Calderon has played his entire NBA career in Toronto, having joined the team in the 2005-06 season. In 525 career games, he has averaged 10.0 points and 7.2 assists per game.
He is in the final year of his current contract worth $10.5 million for this season.
Davis was the Raptors 13th overall pick in the 2010 NBA Draft.
The Grizzlies cleared a lot of cash and luxury tax obligations off their slate last week by completing a three-for-one deal with the Cleveland Cavaliers.
That deal - which sent Marreese Speights, Wayne Ellington, Josh Selby and a future first-round draft pick to Cleveland in exchange for forward Jon Leuer – cleared about $6 million in salary off Memphis' books and got them under this season's luxury tax bar.
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