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"The Griz and Raptors are reaching the end of a process to find a third team to take on the $10.5 million expiring contract of Raptors point guard Jose Calderon, according to sources with knowledge of the trade discussions.
"Memphis is looking to receive a small forward, a draft pick and possibly Raptors forward Ed Davis to consummate the deal. Griz forward Darrell Arthur would not be included in a trade to Toronto, contrary to a published report.
"The Griz are also said to have separate deals with two other teams on the table if the Raptors trade can't be agreed upon by the weekend."
"The Memphis Grizzlies and Toronto Raptors have agreed in principle on a trade that will send leading scorer Rudy Gay to the Raptors, according to sources with knowledge of the deal. Sources told ESPN.com the Grizzlies will acquire forward Ed Davis and veteran guard Jose Calderon from the Raptors and then move Calderon to a third team to ultimately make this a three-team deal. The Detroit Pistons, sources said, are one of the prime options to take on Calderon, having pursued the Spanish floor leader all season. The Grizzlies want a small forward out of the trade and Detroit has two believed to be available: Tayshaun Prince and Corey Maggette. But Memphis, sources said, is talking to at least one other team about taking on Calderon and is expected to receive a second-round pick from Toronto as part of the deal. The Raptors, sources said, are expected to take on Grizzlies reserve center Hamed Haddadi in addition to Gay. The Dallas Mavericks are the other most likely landing spot for Calderon, but sources said Dallas is resistant to parting with Vince Carter, Memphis' prime target on the Mavs' roster."