José Manuel Calderón Borrallo (born September 28, 1981, in Villanueva de la Serena, Badajoz) is a Spanish professional basketball player who plays for the National Basketball Association`s Toronto Raptors and the Spanish national team. He is the Raptors` starting point guard.

Calderón spent his first six seasons playing in Europe. He made his Spanish league debut playing for CB Lucentum Alicante. He switched teams to Baloncesto Fuenlabrada in the 2001–02 season, but seeing his playing time curtailed, he moved again the next season to TAU Cerámica. There, Calderón played behind former NBA guard Elmer Bennett at point for most of the season, and in the 2003–04 season, he won the King`s Cup with TAU Cerámica. In 2005, he led TAU Cerámica to the Euroleague Final Four, where they finished second.