Trade talks with the Memphis Grizzlies for Rudy Gay continue, with the Toronto Raptors reportedly interested in trading for Gay, according to a report Monday on ESPN.com.
Citing unnamed sources, the ESPN.com report said Toronto and Memphis have not reached agreement on the particulars of a deal, but that the Raptors appear to be determined to obtain Gay.
But Memphis also doesn't appear to be in any type of a hurry to deal Gay or another high-priced player before the NBA's trade deadline on Feb. 21. A big part of that is due to last week's multi-player trade with Cleveland that shaved $6 million in salaries to get the Grizzlies under the luxury-tax cap.
Shortly after the trade, Memphis CEO Jason Levien was quoted as saying "we really like our team" and that "more likely than not that we do nothing" when it comes to further deals. Levien appears hesitant to break up the Grizzlies' top-four players of Gay, Mike Conley, Marc Gasol and Zach Randolph.
The ESPN.com report said the Raptors are dangling point guard Jose Calderon and young forward Ed Davis as part of a deal that would in turn send Gay and forward Darrell Arthur north of the border. Other names that reportedly have been mentioned include Kyle Lowry and Andrea Bargnani.
There is also a possibility that another team could be involved in a potential three-way deal, ESPN.com speculated, based upon its sources.
Speculation has the Boston Celtics also interested in Guy, particularly with Rajon Rondo being lost for the rest of the season with a torn ACL. Boston is reportedly dangling Paul Pierce as trade bait, according to ESPN. However, Pierce may not be willing to take a move from a major market like Boston to a medium-sized market like Memphis.