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

Adrian Wojnarowski Yahoo Sports

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.
    • AP Source: Deron Williams headed to Cavs after Mavs waiver

      The Dallas Mavericks waived point guard Deron Williams on Thursday, and the five-time All-Star is now looking to join the Cleveland Cavaliers. … More »

      AP - Sports - 7 minutes ago
    • Suns trade Tucker for Raptors' Sullinger

      The Phoenix Suns pulled off a pair of trades just before the NBA deadline on Thursday, a person with knowledge of the situation told The Associated Press. The Suns traded forward P.J. Tucker to Toronto for forward Jared Sullinger and a pair of … More »

      AP - Sports - 48 minutes ago
    • After trades Wizards face 76ers

      PHILADELPHIA -- With the All-Star break behind them, the Washington Wizards and Philadelphia 76ers resume their seasons Friday in Philadelphia, having made significant changes to their rosters in advance of Thursday's trade deadline. … More »

      AP - Sports - 1 hour 2 minutes ago
    • Celtics keep assets, make no trades

      The Celtics went into Thursday's trade deadline armed with the assets needed to make a major deal and put pressure on the Eastern Conference favorite Cleveland Cavaliers. For the second straight year Boston's roster will go unchanged heading into … More »

      AP - Sports - 1 hour 8 minutes ago
    • Blazers GM on 'pretty dead' trade deadline

      Blazers GM on 'pretty dead' trade deadline

      Portland general manager Neil Olshey joined "The Vertical NBA trade deadline show" to discuss the lack of moves on Thursday, the team's season so far and what's next for the organization. … More »

      Yahoo Sports Videos - 1 hour 9 minutes ago