The Memphis Grizzlies and Toronto Raptors have agreed in principle on a trade that will send leading scorer Rudy Gay to the Raptors, according to sources with knowledge of the deal.

Sources told ESPN.com that the Grizzlies will acquire forward Ed Davis and veteran guard Jose Calderon from the Raptors and then move Calderon on to a third team to ultimately make this a three-team deal.

The Detroit Pistons, sources said, are one of the prime options to take on Calderon, having pursued the Spanish floor leader all season.

The Dallas Mavericks are the other most likely landing spot for Calderon, but sources said Dallas is resistant to parting with Vince Carter, Memphis’ prime target on the Mavs’ roster.

via Marc Stein of ESPN.com