Most NBA observers figured the Raptors' chances of keeping both Calderon and T.J. Ford were minimal at best.
As the team's off-season continues, the chances grow even slimmer, the possibility of a trade more likely as the chasm between Ford and Calderon widens.
At this point, all Calderon can do is wait until July 1, when NBA free agency kicks in.
In his case, Calderon becomes a restricted free agent and the Raptors have steadfastly stated they will match any offer.
With so few teams having cap space, the most Calderon can expect is a mid-level offer, which is expected to be in the neighbourhood of $5.6 million US, doubling his stipend from last season.
Sign-and-trade scenarios are possible and teams conceivably can clear space, factors that could lead to a more lucrative offer for Calderon.
But the fact remains that one of Calderon or Ford must go.