The Memphis Grizzlies have completed two cost-saving trades over the past few weeks, with their trade of Rudy Gay being the most notable.

Chris Wallace, a holdover from the previous ownership, had nothing to do with the trade.

New Grizzlies CEO Jason Levien is operating largely based on the recommendations of statistician and former media member John Hollinger.

The San Antonio Spurs formerly had Hollinger on their payroll as a consultant and regretfully took his advice to sign Jackie Butler. The Spurs atoned for the mistake by trading away the draft rights to Luis Scola, along with Butler.

Rudy Gay was gracious toward the Memphis Grizzlies following his trade to the Toronto Raptors, but was surprised not to hear directly from anyone within the front office.

"I guess its time to move on," Gay said. "To my teammates and fans, thank you."

Gay didn't receive a phone call from CEO Jason Levien, or any of the new members of the management team.

“I can’t even get a phone call?”

Gay had been with the Grizzlies since his rookie season in 06-07.

“It was good. I can’t really complain about what happened when I was here. I was happy to see the team progress.”

Gay was not described as sounding angry during the conversation.

The Toronto Raptors have acquired Rudy Gay in a three-team trade involving the Memphis Grizzlies and Detroit Pistons.

The Raptors sent Jose Calderon, who went to the Pistons, along with Ed Davis and a second round pick to the Grizzlies.

Memphis acquired Davis, along with Tayshaun Prince and Austin Daye.

Gay had been with the Grizzlies since his rookie season in 2006-07, while Prince and Calderon also had spent their entire careers with their respective teams.

The Raptors also acquired Hamed Haddadi, but a buyout and waiver is expected.

A deal for the Memphis Grizzlies to send Rudy Gay to the Toronto Raptors has been agreed upon, according to sources.

The Raptors will send out Jose Calderon and Ed Davis for Gay and Hamed Haddadi. 

The Pistons will acquire Calderon, with the Grizzlies receiving Tayshaun Prince and Austin Daye.

The Grizzlies will also receive a second round pick from the Raptors.

Toronto is likely to waive Haddadi following a buyout, reports Ken Berger of CBS Sports.

The Grizzlies will save $5.8 million this season and $26.4 million over three season before factoring in potential luxury tax ramifications.

The Toronto Raptors and Memphis Grizzlies are moving closer to coming to an agreement on a trade centered on Rudy Gay.

The Raptors would send out both Jose Calderon and Ed Davis. Earlier reports have indicated that a future first round pick would also be included.

The Grizzlies have been working on finding a third team to take Calderon, with multiple league officials believing is nearly in place.

The front offices of each team are discussing the deal with their respective ownerships.

The Toronto Raptors continue to pursue a trade with the Memphis Grizzlies for Rudy Gay.

The Raptors held the first overall pick in the 2006 NBA Draft and selected Andrea Bargnani, passing over Rudy Gay, amongst others.

"Bryan Colangelo has loved Gay since his college days," writes Chad Ford. "He was seriously torn between Gay and Bargnani on draft night. I think he feels like if he unites them, the Raptors instantly get better."

Chris Johnson's 10-day contract with the Memphis Grizzlies expires on Friday.

The Grizzlies can sign him to a second 10-day contract or for the remainder of the season.

"I root for these between-the-crack guys," general manager Chris Wallace said. "He's a confident guy without being overbearing about it. He's been a seamless fit. Hopefully, he can keep it up."

Wallace and vice president of basketball operations John Hollinger were impressed by Johnson last month at the D-League showcase. Wallace subsequently saw Johnson again during a D-League trip to Reno where the intention was to watch Tony Wroten.

"I figured why not go to the D-League and play for a chance to get a call-up?" said Johnson, a four-year college player at Dayton. "Once you sign that contract overseas, you're over there for a year. In the D-League, NBA scouts come check you out and look to potentially call you up. I'm grateful that the Griz did and just threw me out there. I'm trying to make the best of this opportunity."

The Memphis Grizzlies and Toronto Raptors are moving closer to finalizing a Rudy Gay trade, but are still searching for a third team to take Jose Calderon.

The Grizzlies would receive a young member of the Raptors and a future pick, according to sources.

"With so many quality point guards, they're struggling to find a spot for Calderon," one league general manager said.

Memphis has sought to acquire Terrence Ross, but the Raptors have ruled him untouchable.

The Toronto Raptors to discuss a trade for Rudy Gay, but sources say it is proving difficult to find a third team to acquire Jose Calderon.

The Raptors are reportedly building a trade with the Memphis Grizzlies for Gay around Calderon and Ed Davis.

Calderon is in the final season of his contract.

The Toronto Raptors are active in trade talks with the Memphis Grizzlies for Rudy Gay, according to sources.

The Raptors are believed to be the team most serious for Gay.

The framework of a workable trade has not been established.

Sources say the Raptors have made Jose Calderon and Ed Davis as the core of a trade offer for Gay.

Sources also believe that a trade involving the Raptors and Grizzlies could expand to other teams.

The Grizzlies are motivated to trade Gay due financial concerns even though they made a cap-friendly trade last week with the CAvaliers.