The Raptors hope Daye can strengthen their bench with his ability to stretch the floor with his 3-point shooting.
After three-plus seasons with the Detroit Pistons, Daye was traded to Memphis in February as part of the three-team deal involving Rudy Gay.
Daye, a 25-year-old, 6-foot-11 forward, averaged 4.5 points splitting the season between the Pistons and Grizzlies. He was the 15th overall pick to Detroit in the 2009 NBA draft out of Gonzaga.
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