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It's Official: Rudy Gay is in, Calderon and Davis are out for Raptors.

The Toronto Raptors have reportedly acquired Grizzlies swingman Rudy Gay and big-man Hamed Haddadi as a part of a three-team trade that will send Ed Davis, Austin Daye and Tayshaun Prince to Memphis as well as Jose Calderon to Detroit.

Colangelo finally got his man in Rudy Gay.
Colangelo finally got his man in Rudy Gay.

According to ESPN's Marc Stein, the Toronto Raptors have a deal in place to acquire swingman Rudy Gay and big-man Hamed Haddadi as a part of a three-team deal. The Raptors will reportedly send Ed Davis and Jose Calderon the other way, with Calderon then being moved to a potential third team.

At the moment, it is being reported that the third team involved is the Detroit Pistons. The Pistons would acquire Calderon and send Austin Daye and Tayshaun Prince to Memphis.

There is a lot at play here when attempting to digest what exactly has transpired. From a Raptors perspective, they land a player who should be, as it currently stands, the most talented player on the roster. Normally, anytime you can add a player to your team and have that player instantly become the best player on the roster, that's an indication that a trade has been successful. But, in this instance, it isn't that simple.

Gay's skillset is quite similar to a player the Raptors just committed a long-term contract extension to in DeMar DeRozan. Having the two play side-by-side may become redundant or hinder the production of at least one of the two players.

Also, by trading away their current starting power forward, the Raptors are left with a lineup that includes Lowry, DeRozan, Gay and Bargnani -- all are players that require the ball to be effective. Granted, there is no guarantee that this will be the last move Colangelo makes before the February 21st trade deadline -- it is likely that it will not be -- but we cannot look ahead to trades that haven't happened yet.

There is also the matter of Gay's salary. Rudy Gay is owed roughly $37 million over the course of the next two years, making him the highest paid Raptor. Having a player with a salary that large on the roster will severely diminish the amount of financial flexibility this team has going forward. In short: acquiring Rudy Gay is definitely a risk.

From a strictly human perspective, the Raptors lost two great people in Ed Davis and Jose Calderon in this trade. Calderon was the longest serving Raptor on the roster -- at the time of the trade he was just 17 games away from being the franchise's all-time leader in games played -- and a player that is professional in every sense of the word. Seeing Calderon go is perhaps the toughest part of the deal to stomach for many Raptor fans.

Swapping Ed Davis may be seen as selling high; however there is by no means any guarantee that Davis has reached his peek. Davis is a young player that has blossomed before our eyes this season and could very well continue to grow for years to come. Just in the same way that acquiring Gay is a risk, moving Davis is also a risk.

At this juncture, I cannot say whether or not this is a great trade for the Raptors. We know, for sure, that the Raptors have acquired a player that has the potential to have an extremely positive impact on this team. But, how big of an impact he has will depend on the next couple of moves that Raptors management make.