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The Grizzlies and Raptors have agreed in principle to a deal sending Rudy Gay to Toronto in exchange for Ed Davis and Jose Calderon. The plan for Memphis is to then involve a third currently unknown team to take Calderon, essentially turning this into a three-team trade.
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The Grizzlies will trade Josh Selby, Marreese Speights and a pick to the Cavaliers for Jon Leuer according to multiple reports and confirmed by CBSSports.com's Ken Berger.
 

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