Jan 28, 2013; Philadelphia, PA, USA; Memphis Grizzlies forward Rudy Gay (22) shoots a jump shot over the defense of Philadelphia 76ers guard Evan Turner (12) during the fourth quarter at the Wells Fargo Center. The Grizzlies defeated the Sixers 103-100. Mandatory Credit: Howard Smith-USA TODAY Sports

About an hour and half ago, Marc Stein of ESPN reported the story that the Memphis Grizzlies and Toronto Raptors were in talks to send Rudy Gay to Toronto. A deal was reached, however it was imminent, as both teams wanted another team involved in their trade.

It would seem unusual for Memphis to trade Gay since they traded Wayne Ellington, Mareese Speights and Josh Shelby but it appears the Grizzlies wanted to shed even more cap space. That trade saved the Grizzlies approximately $6 million and kept them safe under the luxury tax threshold.

Before this trade, the Grizzlies had $65 million assigned to Gay, Zach Randolph, Marc Gasol and Mike Conley. However with Gay gone, the Grizzlies owe him $37 million over the next two years.

For the Pistons, it looks like Tayshaun Prince’s glory days in Detroit were over years ago. Newly acquired veteran point guard, Jose Calderon, would be able to teach rookie guard Brandon Knight while being a key distributor.

The Raptors now would seem to have improved greatly defensively as they’ll have a starting lineup of Kyle Lowry, DeMar DeRozan, Rudy Gay, Amir Johnson and Jonas Valancuinas.

Here’s the trade below: