Raptors Notes: Gasol, Ibaka, VanVleet, Powell

Lost revenue from the NBA’s hiatus has the Raptors in a position of financial uncertainty as they look ahead to the offseason, writes Doug Smith of The Toronto Star. Toronto has just nine players signed beyond this season, and only four of them are part of the rotation. Marc Gasol, Serge Ibaka and Fred VanVleet are all headed for free agency, and the Raptors aren’t sure how much cap room they’ll have available.

The league may lose hundreds of millions in projected earnings if it can’t salvage a significant portion of its remaining season. That’s on top of lost money resulting from the dispute with China. Smith points out that Pascal Siakam‘s new extension, which begins next season, is based on a percentage of the salary cap. While that might give the Raptors more money to work with than they were expecting, it adds to the muddled financial picture.

There’s more from Toronto:

  • The Raptors should prioritize re-signing Gasol over Ibaka if they decide not to keep both, argues Blake Murphy of The Athletic. Even though Ibaka is five years younger and a better scorer, Murphy sees Gasol as a superior passer, defender and floor spacer. He also suggests that Gasol may be more willing to accept a large one-year contract, which allows the team to remain competitive in a talented 2021 free agent class.
  • Murphy had expected VanVleet to get an offer beyond what Toronto is willing to pay, but he cautions that a lower salary cap might change the equation. He projected that the Raptors would offer the fourth-year guard a new deal in the range of $17MM to $20MM annually. Only five or six teams will have the money to top that, and several of them already have young point guards in place. Murphy states that VanVleet’s best strategy may be to accept a long-term deal in Toronto that takes advantage of his Bird rights.
  • Norman Powell‘s improvement this season may tempt the Raptors to hold onto his contract rather than trade it for cap relief, Murphy adds. Powell is owed nearly $10.9MM next season and has an $11.6MM player option for 2021/22.
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