Rudy Gay is on his way to Toronto in the latest and most dramatic move in the Memphis Grizzlies' money-motivated makeover.
The
Grizzlies agreed to trade their star swingman to the Raptors on
Wednesday, parting with the leading scorer on a team that has
aspirations of making a run in the powerful Western Conference.
The
Raptors gave up point guard Jose Calderon and forward Ed Davis in the
deal that also included Grizzlies backup center Hamed Haddadi, and
Memphis then shipped Calderon to Detroit for Austin Daye and Tayshaun
Prince. Memphis general manager Chris Wallace thanked both Gay and
Haddaddi for their time with the Grizzlies.
"We are excited to
add three players who bring with them a tremendous amount of value to
our team and have achieved incredible success on the pro, college and
Olympic levels," Wallace said in a statement Wednesday night. "In these
players, we welcome NBA Champion and Olympic gold medalist Tayshaun
Prince, as well as up-and-coming athletic forwards Ed Davis, who won an
NCAA title at North Carolina, and Austin Daye."
"It's been my
home for eight years," Calderon said in Atlanta, shortly before leaving
the arena. "I've done everything possible for this team. It's tough. The
fans have been with me since Day 1. It's tough."
Prince and
Daye have both spent their entire careers with Detroit, and Prince was
the last link to the proud championship team of 2003-04.
"Trading
a player like Tayshaun Prince, who has meant so much to our
organization and contributed to our championship success, is never
easy," Pistons president Joe Dumars said in a statement. "We want to
thank Tayshaun for his professionalism and contributions over the last
10 years. We also appreciate everything that Austin Daye has done for
our team both on and off the court over the past three-plus years."
Gay,
averaging 17.2 points and 5.9 rebounds, signed a five-year, $82 million
maximum contract in July 2010 with Memphis. The 6-foot-8 small forward
is due $16.5 million this season with $37 million more over the next two
years. That's a big number for new owner Robert Pera, who took over the
franchise last November and 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. Team officials said that move put the
Grizzlies in position not to have to make a move this season.
Memphis
coach Lionel Hollins had been lobbying to keep his five starters
together the rest of this season, but he apparently lost that fight.
It's a significant move for a team that was fourth in the Western
Conference and three games behind the third-place Clippers.
Trading
away Gay also eases a luxury tax hit due next season, while
concentrating the team around center Marc Gasol and All-Star forward
Zach Randolph. The Grizzlies had their best playoff run in 2011 when
they knocked off then-No. 1 seed San Antonio before losing to Oklahoma
City in seven games in the Western semifinals — all with Gay on the
bench after needing season-ending shoulder surgery.
The
collective bargaining agreement negotiated after last year's lockout
makes the penalties for exceeding the salary cap far more punitive, and
the system begins in earnest next season. Playing in a smaller market,
the Grizzlies don't have the extra revenue from lavish television
contracts like teams in Los Angeles or New York, which makes it that
much more difficult to go over the cap.Shop for bobblehead
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for your home or office. But even teams such as the Lakers and Bulls
will likely have to be more responsible with their spending under the
new deal, where repeat offenders are taxed at rates that multiply with
each consecutive year they go over the cap.
The first domino
fell before the season, when Oklahoma City sent James Harden to Houston
instead of signing him to a big-money extension, and more are sure to
follow.
All told, the Grizzlies shaved nearly $40 million over
the next three years after the two trades.We have become one of the
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They'll
get a hard-nosed defender in return in Prince, the 32-year-old forward
who was drafted by the Pistons in the first round in 2002. He is
averaging 11.7 points and 4.6 rebounds per game this season. Bringing in
Calderon gives them a veteran mentor for young point guard Brandon
Knight.
"We are pleased to welcome Jose Calderon, knowing that
he fits our mold as a high character individual who is a great
competitor," Dumars said. "Jose is a great facilitator at the guard
position and a player that we feel gives us tremendous flexibility on
the court when added to the core of guards we have on the roster."
Calderon
joined the Raptors from Spain in 2005 and has been a fan favorite and
trusted veteran on the team. He is averaging 11.With superior quality
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who are desperately trying to scratch their way into the playoff
picture. Toronto was in 11th place before the games were played
Wednesday, 5? games behind Boston for the eight seed.
Calderon
and Davis had both been starting for the Raptors, but they do have Kyle
Lowry waiting in the wings at point guard and likely see Gay's scoring
punch as the key to vaulting back into the discussion in a mediocre
conference.
Coach Dwane Casey will have to deal with a bit of a
log jam with Gay, DeMar DeRozan, Terrence Ross, Landry Fields and Alan
Anderson as wing players with similar skill sets. But getting a player
with Gay's natural scoring talent, even at the expense of parting with a
valued player like Calderon, proved too enticing to pass up.Welcome to
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