Rudy Gay is on his way to Toronto in the latest and most dramatic move in the Memphis Grizzlies' money-motivated makeover.

The Grizzlies agreed to trade their star swingman to the Raptors on Wednesday, parting with the leading scorer on a team that has aspirations of making a run in the powerful Western Conference.

The Raptors gave up point guard Jose Calderon and forward Ed Davis in the deal that also included Grizzlies backup center Hamed Haddadi, and Memphis then shipped Calderon to Detroit for Austin Daye and Tayshaun Prince.