When Toronto Raptors general manager Bryan Colangelo landed Rudy Gay in a blockbuster deal with the Memphis Grizzlies on Jan. 30, the question in NBA front-office circles was whether the trade would be enough to help him keep his job.

Colangelo, who came to Toronto from Phoenix in 2006 and has been attempting a massive rebuilding effort ever since Chris Bosh left for Miami in the summer of 2010, is in the final year of his contract. In an interview with USA TODAY Sports on Tuesday, Colangelo said he has no discussions with ownership about his updated status and remains hopeful that he'll be around past this summer. The Raptors - who are 5-2 since Gay came on board and 21-32 overall after their horrific 4-19 start - play at Washington Tuesday and have a reunion game with the Grizzlies in Toronto on Wednesday night.

While Colangelo could make more moves before the Thursday trade deadline to help his team and improve his case even more, he downplayed the once-widely-held notion that center Andrea Bargnani would be traded before then. He called that situation "fluid" and said "there just may not have been enough runway prior to the deadline to get something" because Bargnani recently came back from injury.

The No. 1 pick of the 2006 draft is owed $10.7 million next season and $11.5 million in 2014-15 (so long as he doesn't use his early termination option). Bargani, who tore a ligament in his right elbow on Dec. 10 and returned on Feb. 6, has seen serious declines in his production from last season to this one. He had two solid games upon returning (13 points in a loss to Boston and 14 points in a win over Indiana on 12 of 20 shooting combined), but has struggled in his last two games (a combined six points and 30 minutes in wins over Denver and New York while battling illness).

The Chicago Bulls have reportedly shown interest in a Bargnani deal involving forward Carlos Boozer, and Colangelo is known to have had serious discussions with the Lakers about a deal involving forward Pau Gasol before Bargnani was hurt that have since gone dormant. While there have been reports about Bargnani-related talks with Charlotte and Philadelphia, neither of those discussions have taken place.