Rudy Gay is on his way to Toronto in the latest and most dramatic move in the Memphis Grizzlies' money-motivated makeover. The Grizzlies agreed to...

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Rudy Gay is on his way to Toronto in the latest and most dramatic move in the Memphis Grizzlies’ money-motivated makeover.

The Grizzlies agreed to trade their star swingman to the Raptors on Wednesday, parting with the leading scorer on a team that has aspirations of making a run in the powerful Western Conference.

The Raptors gave up point guard Jose Calderon and forward Ed Davis in the deal that also included Grizzlies backup center Hamed Haddadi, and Memphis then shipped Calderon to Detroit for Austin Daye (from Gonzaga) and Tayshaun Prince.

“Players like this don’t come along that often in terms of their availability,” Raptors GM Bryan Colangelo said. “This was a very unique circumstance. We feel like we took advantage of it.”

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Memphis general manager Chris Wallace didn’t mention finances in a statement but there is no doubt they played a big role in the decision.

Gay, averaging 17.2 points and 5.9 rebounds, signed a five-year, $82 million maximum contract in July 2010 with Memphis. The 6-foot-8 small forward is due $16.5 million this season with $37 million more over the next two years. That’s a big number for new owner Robert Pera, who took over the franchise last November.

Prince and Daye have both spent their entire careers with Detroit. Prince was the last link to the 2003-04 title team.


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