If the Raptors can find a taker for Hedo's deal without killing the roster in the process they should go for it. However, what possible deal could that be? It's unlikely that Portland would want him after he spurned them this summer. Orlando's woes don't seem dire enough to get them to reverse their decision to not pay him $10-million-plus per year. Teams without playmaking point guards (Charlotte, Detroit, Houston, Indiana, Philadelphia and Washington) are almost all rebuilding clubs who'd have zero interest in moving good players out for a 30-year-old, unathletic small forward. Plus, when it comes right down to it, he is the team's best and most natural playmaker, and he has proven it when he has been given some control over the offence.
That means that Calderon is probably not going to last the season in Toronto. The club has too many other holes to fill to keep him around and he plays a position too in demand to let rot on the bench. Heck, the fact of the matter is he's too good to be a reserve on this iteration of the ballclub, where Jack and Turkoglu handily covered his absence in December (I also promise to make this the last time I write about this issue).