I'm still skeptical on these twitter rumors. MU doesn't seem like the guy to chase Nash.. and if TL is trying to pull a BC I've lost faith. However if the goal is to get a $18M coach on the floor he'd be the best guy to get.
I don't think LA would take Rudy (he has 2 years on his contract if he opts in) and the rumor is they want to free up all their cap space for next season.
So a 3rd team would have to be involved since Toronto doesn't have many expiring contracts either that total $9M.
So a scenario like this could potentially work:
Toronto receives Nash, Butler, and the Greek guy from the Bucks
LA receives Lowry and Udoh (both expiring)
Milwaukee receives Gay
Toronto gets the rights to the better pick between LA/Milwaukee (LA gets the other).
This helps the tank in my opinion, gets them a prospect and a pick that could end up in the lottery. Essentially my ideal scenario for trading Gay and/or Lowry.