Rudy Gay traded to the Toronto Raptors; Jose Calderon headed to Detroit

Rudy Gay is a Raptor. ESPN is reporting that Toronto and the Memphis Grizzlies have agreed to a deal for the small forward. And it sounds like the Detroit Pistons are the mysterious third team likely to take Jose Calderon.

Here's the deal according to ESPN:

Raptors get: Rudy Gay and Hamed Haddadi

Grizzlies get: Ed Davis, Tayshaun Prince, Austin Daye and a second-round pick from Toronto

Pistons get: Jose Calderon
As far as a quick fantasy take, Rudy Gay becomes option No. 1 in Toronto. DeMar DeRozan takes a bit of a hit. Amir Johnson is likely to slide into the starting power forward spot vacated by Ed Davis.

The Pistons' backcourt becomes even more watered down with the addition of Calderon, hurting Brandon Knight, Will Bynum and Rodney Stuckey.

Prince likely slides into the Grizzlies' empty small forward spot. Meanwhile, Davis takes a hit in a crowded frontcourt with Zach Randolph and Darrell Arthur.