The Phoenix Suns have begun pursuing Josh Smith, according to multiple sources.

The Suns have held preliminary trade talks with the Atlanta Hawks and will continue their pursuit into the offseason should they be unable to execute a trade before the deadline.

The Suns would likely build their offer for Smith around Marcin Gortat.

Phoenix could sign Smith to a new contract in the offseason while retaining enough cap space for a second big contract free agent.

The Toronto Raptors earlier this season fielded trade inquiries about Andrea Bargnani, general manager Bryan Colangelo confirmed.

Bargnani has been sidelined since Dec. 12 with a right elbow injury.

"There's teams interested I know that," Colangelo said. "I've got a handful of situations that people were monitoring this whole injury process. I'm not saying anything with any concrete nature that he's going to be traded but we're looking to make our basketball team better and I've pretty much told everybody: nobody on our team is untradeable based on some of the things we are looking to do and what our objectives are."

Colangelo expects Bargnani to return with a chip on his shoulder, which could stimulate trade talks.

"You're going to see, I think, a rejuvenated Andrea Bargnani when he comes back from the injury here in a few days," Colangelo explained. "He's got something to prove. Maybe he proves just enough to create a trade conversation.

"I will tell you that any interest in Andrea -- which there was quite a bit early on in this season -- went by the wayside when he got hurt. So that's just a natural part of the business when a guy's not playing you can't really discuss him."

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.

The Golden State Warriors have made several personnel moves since acquiring Andrew Bogut and are unlikely to make any additional changes before the deadline, according to multiple sources.

One source with the Warriors described the odds of a trade as "remote."

The Warriors would like to add to their frontcourt, but are unlikely to make a move.

Bryan Colangelo admitted on NBA TV that the Toronto Raptors are shopping Andrea Bargnani.

Colangelo has spoken with Bargnani's agent about possible moves.

"I'm not saying he's asked for a trade, but he certainly would not fight or resist a [new] situation," said Colangelo.

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.

Expectations around the NBA are growing that the Atlanta Hawks will trade Josh Smith this season, according to a source.

Smith and the Hawks' management have seemed at odds over the past month and the two sides have reportedly met to discuss the forward's future.

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.