Grizzlies trade Rudy Gay to Raptors in three-team deal with Pistons

Adrian Wojnarowski Yahoo Sports US

The Memphis Grizzlies have traded forward Rudy Gay to the Toronto Raptors.

View photo

.

Rudy Gay spent the first 6 1/2 seasons of his career in Memphis. (USA Today Sports)

The Grizzlies receive point guard Jose Calderon as part of the deal, and routed Calderon's $10.5 million expiring contract to the Detroit Pistons for a package that includes forwards Tayshaun Prince and Austin Daye. The Raptors also sent forward Ed Davis and a second-round pick to the Grizzlies. Memphis sent center Hamed Haddadi to the Raptors.

Gay, 26, is averaging 17.2 points and 5.9 rebounds.

Under new owner Robert Pera, Memphis has been desperate to unload contracts for the short- and long-term. In Prince, the Grizzlies get a respected, if not aging, small forward who'll give them considerable savings over the $37 million owed Gay the next two seasons.

[Also: LaMarcus Aldridge hits game-winner vs. Mavs (video)]

Prince, who turns 33 on Feb. 28, has played his entire 11-year career with Detroit. He's averaging 11.8 points and 4.6 rebounds this season. He had been a vital member of seven Pistons playoff teams, including the one that won the 2004 championship.

Calderon will be a free agent this summer.

Detroit clears the final two years, $15 million left on Prince's deal, and moves nearly $25 million under the salary cap beginning with free agency in July. The Pistons are now in the market for two young perimeter players to build around their promising young core of Greg Monroe, center Andre Drummond and guard Brandon Knight.

Super Bowl video from Yahoo! Sports:

Other popular content on Yahoo! Sports:
Randy Moss won't apologize for best-of-all-time boast
Yankees want to void A-Rod’s $114 million contract
Alistair Overeem hopes to control public opinion with personal website

Sign up for Yahoo Fantasy Hockey
Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.
    • Warriors rookie Patrick McCaw learns surrounded by big stars

      Patrick McCaw flings a football across two courts and hits Ian Clark right in the basketball numbers, then jokingly jumps in front of Kevin Durant moments later as if to make an interception against a superstar teammate with a height advantage and … More »

      AP - Sports - 3 hours ago
    • 3DTV: MJ Surprises Biggest Fan

      3DTV: MJ Surprises Biggest Fan

      Dennis Scott talks to Jeffrey Harrison about his love of basketball and his big surprise from Michael Jordan. … More »

      NBA.com - 3 hours ago
    • Suns face Pacers in battle of recent Warriors victims

      After dealing with the three of the West's elite teams, the Indiana Pacers finally get a look at the other end of the rival conference's spectrum when a five-game Western swing continues with a visit to the Phoenix Suns on Tuesday night. The Pacers … More »

      AP - Sports - 3 hours ago
    • Bucks look to bounce back against Blazers

      After blowing a 13-point halftime lead Monday night against San Antonio, snapping a season-high four-game winning streak, the Milwaukee Bucks will try to get back on track Wednesday night when they play host to the Portland Trail Blazers at Bradley … More »

      AP - Sports - 3 hours ago
    • Struggling teams clash when Mavericks host Kings

      Missing the playoffs is nothing new for Sacramento, which is working on a decade-long postseason drought. The Kings had high expectations. Sacramento, 11th in the Western Conference, ends a five-game road trip in Dallas. … More »

      AP - Sports - 3 hours ago