Report: Spurs trade Nando De Colo to Raptors for Austin Daye

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The Spurs shed some salary by trading Nando de Colo to the Raptors. (Mike Ehrmann/Getty)

Nando de Colo

The San Antonio Spurs completed a last-minute trade Thursday, dealing backup point guard Nando De Colo to Toronto for forward Austin Daye just before the 3 p.m. EST trade deadline, according to Adrian Wojnarowski of Yahoo! Sports.

In his second season in the NBA, De Colo was averaging 11.6 minutes per game in San Antonio, with three starts. But with fellow backup guard Patty Mills averaging 10 points in just 18 minutes per game, on 42.2% three-point shooting, De Colo was expendable. The move saves San Antonio some money this season: De Colo makes over $1.4 million this year, while Daye's contract is for a little over $947,000, with an option for next year only partially guaranteed.

Daye, in his fifth year in the league, has played just 33 minutes all season.