Rain or Shine Paul Lee traded to James Yap

"Its a done deal," said the source. Rain or Shine Paul Lee has been traded to former two-time MVP James Yap, SPIN.ph report said that it is the biggest deal of the PBA season.

The deal was finally sealed in a meeting between RoS governor Mert Mondragon and Star officials led by team manager Alvin Patrimonio on Thursday.

Lee helped the Elasto Painters win their second championship this season, is the second big name to be discarded by Rain or Shine.