Report: Toronto Raptors shopping lottery pick for elite wing player

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Sources tell Marc Stein and Chad Ford of ESPN.com that the Toronto Raptors have let teams know that their No. 1 pick -- eighth overall -- is available for an elite small forward.

Two of the players that the Raptors have targeted: Memphis Grizzlies wing Rudy Gay and Philadelphia 76ers wing Andre Iguodala.

Part of the reason Toronto is willing to give up the pick, sources said, is because its 2011 first-rounder, Lithuanian center Jonas Valanciunas, is expected to join the team in the fall.