Rudy Gay is on his way to Toronto in the latest and most dramatic move in Memphis' money-motivated makeover.
The Grizzlies agreed to trade their star swingman to the Raptors on Wednesday. Toronto gave up Jose Calderon and Ed Davis in the deal that also included the Grizzlies' Hamed Haddadi. Memphis then shipped Calderon to Detroit for Austin Daye and Tayshaun Prince.
"We're excited to add three players who bring with them a tremendous amount of value to our team," Memphis general manager Chris Wallace said in a statement.
Gay, averaging 17.2 points and 5.9 rebounds per game, signed a five-year, $82 million contract in July 2010 with Memphis.
Owner Robert Pera, who took over the franchise last November, has quickly started addressing the team's salary situation. Just over a week ago, the Grizzlies sent valuable reserve Marreese Speights and two other players to Cleveland in a move that cleared $6.4 million in salary and avoided a $4 million luxury tax hit this season. All told, the Grizzlies shaved nearly $40 million over the next three years after the two trades.
"Players like this don't come along that often," Raptors G.M. Bryan Colangelo said of Gay.
Spurs 102, Bobcats 78: Tony Parker had 22 points and San Antonio never trailed in extending its win streak to nine games. San Antonio has also won 17 straight at home.
Nuggets 118, Rockets 110: Danilo Gallinari scored 27 points, Kenneth Faried had 19 points and nine rebounds, and host Denver won its five straight game. Jeremy Lin scored 22 points to lead the Rockets, who had won three straight.
Knicks 113, Magic 97: Carmelo Anthony scored 20 points to set a team-record with his 30th straight 20-point game, leading host New York over reeling Orlando. Also, Knicks big men Tyson Chandler and Amare Stoudemire combined for 35 points on 17 of 18 shooting.
Heat 105, Nets 85: LeBron James had 24 points, nine rebounds and seven assists, and visiting Miami beat Brooklyn for the 13th straight time. The Heat outscored the Nets 56-36 in the second half.
Bulls 104, Bucks 88: Nate Robinson scored 16 of his 24 points in the second quarter, leading visiting Chicago over Milwaukee. The Bulls went on a 20-4 run midway through the second quarter.
Celtics 99, Kings 81: Paul Pierce had 16 points, and Boston won its second game since losing Rajon Rondo for the season with a knee injury.
Nets: Commissioner David Stern chose Brook Lopez to replace Rondo on the Eastern Conference All-Star team. Rondo was voted to start the Feb. 17 game in Houston. Also, San Antonio's Gregg Popovich earned the right to coach the Western Conference All-Stars again.