Marc Stein at ESPN had some details.
The Memphis Grizzlies continue to field calls from teams interested in Rudy Gay and are engaged in active trade discussions with the Toronto Raptors, sources with knowledge of the talks told ESPN.com. Although the framework of a workable trade has not yet been established, sources told ESPN.com that Toronto — known to be perhaps Gay’s most determined suitor — has continued to make a hard push for the swingman.
The Grizzlies, though, maintain that last week’s luxury-tax-slashing trade with Cleveland means they no longer feel the same pressure to move Gay or another high-priced player before the NBA’s Feb. 21 trade deadline.
For more on this story visit: Kurt Helin, NBC Sports Pro Basketball Talk