Update: Raptors Grizzlies looking for third team to take on Calderon in trade

[Team*Chicago]

Those teams aren't meant to win championships and never will while acquiring and giving big huge contracts.

[BenFrank]

Hope Houston could get involved

http://espn.go.com/nba/tradeMachine?tradeId=blytfn7

[kdspurman]

Adrian Wojnarowski ‏@WojYahooNBA
There have been scenarios today that include third teams, and also where Grizzlies and Raptors could do deal straight up, sources tell Y!

Guess they can get it done either way

Adrian Wojnarowski ‏@WojYahooNBA
Raptors and Grizzlies are discussing framework of trade with respective ownership groups now, sources tell Y! Deal could be done tonight.

and they're close.

[gotoHcarolina52]

@WojYahooNBA

Memphis could still have a third team scenario to send on Calderon and take back players, but immediately unclear.

@KBergCBS

Memphis prefers to do Rudy Gay deal with Jose Calderon going to third team. Several potential suitors making push for the veteran PG

However, Calderon's expiring contract would not compromise Grizzlies' pursuit of luxury-tax freedom. Two-team scenarios also in play.