Rudy Gay has been traded by the Memphis Grizzlies, to the Toronto Raptors. The three way deal by the Grizzlies was not unexpected as Gay has wanted to move for some time, but now we know where he's headed.
In return for Gay, Toronto are sending their point guard, Jose Calderon, and forward, Ed Davis. Memphis are also throwing their backup centre, Hamed Haddadi up to Toronto along with Gay.
Memphis has then wasted no time in flipping Calderon straight over to the Detroit Pistons, in exchange for Austin Daye and Tayshaun Prince.
When speaking to the AP, Raptors general manager, Bryan Colangelo said; "Players like this don't come along that often in terms of their availability…This was a very unique circumstance. We feel like we took advantage of it."
While we were expecting Gay to make a move at some point, many are surprised at how the deal has gone done, including Calderon and Prince, who apparently didn't know that they were up to be traded.
When asked about the trade, Calderon has said; "It's been my home for eight years….I've done everything possible for this team. It's tough. The fans have been with me since Day 1. It's tough."
The trades have been very money orientated for Memphis. While Gay has averaged 17.2 points and 5.9 rebounds, he signed a $82 million maximum contract in July 2010. Gay was due $16.5 million this season, with $37 million still to come over the next two years. Robert Pera, who took new ownership of the franchise last November, has quickly started to address the salary problems that Memphis seem to have. Getting rid of Rudy Gay was one way to bring their finances back into order.