Grizzlies trade Rudy Gay to Raptors

After days of rumors and speculation, it looks like a deal has finally been reached by the Grizzlies and Raptors to send Rudy Gay to Toronto. Memphis has been looking to trade Gay for some time now and it wasn't clear whether they would get an offer they liked, but that seems to be the case as they have agreed on the trade as of tonight.

This one looks to be a three team deal in which Gay goes to Toronto, Memphis gets back Ed Davis and Jose Calderon from the Raptors. Memphis will then send Calderon to the Pistons, the third team in the equation, and will receive Tayshaun Prince and Austin Daye in return for the veteran guard. Also, Memphis will receive a future first round pick from Toronto in the deal.