The Spurs and Raptors have announced their swap of Nando De Colo for Austin Daye. De Colo has been on frequent D-League assignments this year, having ceded playing time at backup point guard to Patty Mills and Cory Joseph. Daye has been even less of a factor for the Raptors, appearing for just 33 minutes total after signing a two-year minimum-salary deal this summer. 
De Colo, a 2009 second-round pick of the Spurs, finally signed with the team on a two-year deal in 2012. The contract gives him slightly more than the minimum, and he’s making $1.463MM this year. He’ll be a restricted free agent at season’s end.
Daye’s pact is partially guaranteed for $250K next season. He was the 15th overall pick the same year the Spurs drafted De Colo, but he never panned out in three and a half seasons with the Pistons, who traded him to the Grizzlies as part of the three-way Rudy Gay trade in January 2013.
Zach Links contributed to this post. Photo courtesy of USA Today Sports Images. Adrian Wojnarowski of Yahoo! Sports first tweeted news of the deal.