Update 02/20/2014, 4:39 PM CST
Nando De Colo officially tweeted about his trade news.
Thank's to @spurs ! Coaches, Teamates and all Fans… Time for new adventures
— Nando De Colo (@NandoDeColo) February 20, 2014
According to Adrian Wojnarowski of Yahoo! Sports, the San Antonio Spurs have agreed to trade Nando De Colo to the Toronto Raptors for Austin Daye.
San Antonio has traded Nando De Colo to the Toronto Raptors for Austin Daye, league source tells Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) February 20, 2014
Daye, a 6'11" forward, has played in just eight games for the Raptors this season averaging 1.0 points in 4.1 minutes per game. Since coming into the league in the 2009-10 season, Daye has played on four teams: Detroit (twice), Memphis, and Toronto.
Daye, 25, will earn less than De Colo this season per BasketballInsiders.com, at $947,907. He also has a non-guranteed option in his contract next season the Spurs can choose to exercise worth $1,063,384.
In trading for Daye, the Spurs receive a backup small forward for Kawhi Leonard for the remainder of the season. For De Colo, when the full squad comes back to full strength, there's a log jam in the back court which made him a trade-able piece.