The Grizzlies receive point guard Jose Calderon as part of the deal, and will route Calderon's $10.5 million expiring contract to the Detroit Pistons for a package that includes forwards Tayshaun Prince and Austin Daye, league sources told Y! Sports. 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. Yahoo
Under new owner Robert Para, 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. Yahoo
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 will then be 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. Yahoo
The Grizzlies are losing a great player if this happens. I can't condone this. So idiotic.