The Commercial Appeal's Ron Tillery is reporting that the Grizzlies and Raptors are closing in on a deal sending Rudy Gay to Toronto, and the Grizzlies also have frameworks in place with two other teams.

Adrian Wojnarowski of Yahoo! Sports is reporting that the "final hurdle" in the trade of Rudy Gay to the Toronto Raptors is finding a third team that will take on the contract of the Raptors' Jose Calderon.

The Toronto Raptors are engaged with the Grizzlies in discussions to trade for Rudy Gay, and they're also interested in Darrell Arthur, according to ESPN's Marc Stein.

Are the Memphis Grizzlies really interested in trading Rudy Gay to the Celtics for Paul Pierce?

The Grizzlies signed Chris Johnson of the D-League's Rio Grande Valley Vipers to a 10-day contract, presumably to fill one of the roster spots opened up by yesterday's trade of Marreese Speights, Wayne Ellington, and Josh Selby to the Cavaliers.

Earlier reports indicated the two were already in the process of being signed by Memphis, but now that appears not to have been the case.

The Grizzlies are in talks with the Cleveland Cavaliers to trade Marreese Speights and Josh Selby to Cleveland for Jon Leuer and a draft pick.

According to a recent story on NetsDaily, Peter Vecsey has confirmed that Brooklyn has a "high" interest in trading for Grizzlies forward Rudy Gay.