The Raptors will ship Gay, Qunicy Acy and Aaron Gray to Sacramento. In return, Toronto will receive Greivis Vasquez, John Salmons, Patrick Patterson and Chuck Hayes.
With the particulars out of the way, it's time to parse out the winners and losers from the season's first splashy transaction.
Right up front, there's a clear winner: the Raptors. Toronto got rid of a player that was hurting the rest of the roster's growth, costing far too much money and simply couldn't be a part of any legitimate rebuilding process.
Naturally, that makes the Kings losers. They took on that same player in a decision that should give rise to major concerns about the mental fitness of the team's new braintrust.
Those are the easy answers, though. Looking deeper, there are plenty of other parties who'll be deeply affected by this deal.