Ricky Ray is about to become a Toronto Argonaut.
The Argonauts and Edmonton Eskimos have a agreed to a deal that will see the 32-year-old quarterback moving East. The Eskimos have called a media conference today at 4pm et/1pm pt to announce the deal.
Toronto's side of the trade is believed to include quarterback Steven Jyles, kicker Grant Shaw and a first-round draft pick going to the Eskimos.
The Argonauts are hoping the acquisition of Ray will solve a quarterback quandary that has existed since Damon Allen retired at the end of the 2007 season, with Michael Bishop, Kerry Joseph, Cleo Lemon and Jyles - among others - all unable to solve team's quarterback woes.
Toronto has ranked last, or second to last, in CFL passing in each of the past three seasons.
Ray is coming off what could be considered a bounce-back year after a disappointing 2010, throwing for 4,594 yards, while completing 65.2 per cent of his passes, with 24 touchdowns and 11 interceptions.
Ray led the Eskimos to Grey Cup wins in 2003 and 2005 and has thrown for at least 4,500 yards six times in his career.
He holds most of the Eskimo single-season and career passing records and is among the league's highest paid players at between $350,000-$400,000 per season.
This marks the second time that Edmonton general manager Eric Tillman has traded for Jyles, the first coming in 2008 when he was wth the Saskatchewan Roughriders. The Eskimos other quarterbacks are veteran Kerry Joseph, Eric Ward, who just completed his rookie season, and Matt Nichols, who has not played during his two seasons with Edmonton.