Raptors Rumors

Atlantic Notes: Smart, Porzingis, Petrusev, VanVleet

Longtime Celtics guard Marcus Smart had a conversation with team president Brad Stevens in mid-June and was assured at that time that he’d remain with the team this summer, Smart tells Gary Washburn of The Boston Globe. A week later, he was gone, having been traded to the Grizzlies as part of a three-team package to send Kristaps Porzingis to Boston.

“It was a shock,” Smart said. “My agent called my fiancée and she woke me up out of a sleep, literally, right after the deal had been made and I think [the media] had already tweeted it out. That’s how we found out.”

The Celtics had originally intended to include another guard, Malcolm Brogdon, as part of a three-team deal with the Clippers that would have landed them Porzingis. However, those talks fell through, forcing Boston to pivot to the deal sending Smart to Memphis. Smart said he understands it’s a “business” and has no hard feelings toward the organization, even if he didn’t learn about his exit in the way he would’ve liked.

“Anybody who knows me knows that I’m the first one to tell people, you can’t put personal with business, it just doesn’t mix,” he said. “… But for me, it was just the [lack of] courtesy. They probably already knew they were thinking about trading me. They had this trade in their back pocket just in case something else didn’t happen.”

Smart enjoyed a solid run with the Celtics, even earning Defensive Player of the Year honors in 2022 en route to an NBA Finals appearance. His defense slipped somewhat in 2022/23, but he remain a valuable two-way leader on a club that wound up being just one win shy of a second consecutive Finals.

There’s more out of the Atlantic Division:

  • The two-year, $60MM extension Porzingis is finalizing with the Celtics could become as a massive monetary coup for Boston, argues Chris Forsberg of NBC Sports Boston. The reported deal, which will begin in 2024/25, is worth $17MM less than the maximum possible extension Porzingis could have signed off his current contract, and Forsberg believes a strong season would have put the big man in position to command even more money had he reached unrestricted free agency next summer. Porzingis enjoyed one of his healthiest seasons in years and was fairly effective with the Wizards on both sides of the hardwood in ’22/23.
  • Two years after being drafted with the No. 50 pick out of Gonzaga by the Sixers, big man Filip Petrusev is confident he can produce at the NBA level, writes Keith Pompey of The Philadelphia Inquirer. Following his selection in the draft, the 6’11” center suited up for teams in Turkey and Belgrade. Petrusev, who will play on Philadelphia’s summer league club this month, is hoping to ink a deal with the Sixers for the 2023/24 season.
  • Longtime Raptors point guard Fred VanVleet, who won a title with Toronto in 2019, is moving on to the Rockets on a lucrative new contract. He penned a heartfelt farewell missive to the team on his official Instagram. “I am forever indebted to the franchise that gave me a shot when no one else would,” VanVleet wrote. “We built things together that can never be broken and accomplished things that will stand forever… To the city, franchise and country that watched me grow… THANK YOU.”

Gradey Dick Signs Rookie Contract With Raptors

Gradey Dick has signed his rookie contract with the Raptors, according to NBA’s transactions log.

Assuming Dick signed a contract worth 120% of his rookie scale amount, which is normal practice in the league, he’ll make $4,536,720 in his rookie season. Over the next four seasons, the contract will be worth $21,422,550.

Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

The No. 13 overall pick in the draft, Dick started 36 games in his lone season at Kansas. The 6’8” Dick averaged 14.1 points, 5.1 rebounds and 1.7 assists. He made 40.3% of his 3-point tries and was considered one of the top pure shooters in the draft.

Raptors’ Pascal Siakam Continues To Draw Trade Interest

Raptors forward Pascal Siakam continues to draw trade interest around the NBA, multiple sources tell Michael Grange of Sportsnet.ca (Twitter link). Grange specifically mentions the Hawks as a team that remains in pursuit of the 29-year-old.

A couple days before free agency opened, Grange also identified the Hornets, Mavericks, Rockets, Pelicans and Kings as teams that had inquired on Siakam, though he cautioned that while Toronto was open to listening to offers, conversations hadn’t gotten very far.

An All-Star for the second time in 2022/23, Siakam averaged career highs in points (24.2) and assists (5.8) while chipping in 7.8 rebounds in 71 games last season. His 37.4 minutes per game led the league for the second straight season.

A two-time All-NBA member, Siakam is entering the final year of his contract, which will pay him $37.9MM in ’23/24. He’s eligible to sign a four-year, $192MM extension, though he’d also be eligible for a super-max extension if he isn’t traded and makes another All-NBA team next season.

Siakam previously put word out that he preferred to remain with the Raptors and likely wouldn’t re-sign with another team. A follow-up report stated that he hoped to spend his entire career with Toronto, the only NBA club he’s ever known after being selected 27th overall in the 2016 draft.

The loss of Fred VanVleet in free agency makes the Raptors less formidable, according to Eric Koreen of The Athletic, who believes they should seriously consider dealing Siakam in order to re-balance the roster around Scottie Barnes, the ’21/22 Rookie of the Year.

Koreen would be less inclined to move OG Anunoby, but he points out that his deal is also expiring and the five-year, $160MM contract Jerami Grant is signing with Portland will likely be Anunoby’s floor next year in free agency, and it’s possible he might get a maximum-salary offer like VanVleet unexpectedly did from Houston. If the Raptors aren’t willing to pay Anunoby that much, they should consider dealing him as well, Koreen opines.

Checking In On NBA’s Top Remaining Free Agents

Technically, most of this year’s top free agents remain unsigned. Until the moratorium in place at the start of the 2023/24 league year lifts at 11:01 am Central time on July 6, most of them are ineligible to sign their new contracts.

However, within the last 40-ish hours, 36 of the players from our list of 2023’s top 50 free agents have taken themselves off the market by reaching contract agreements with teams around the league.

[RELATED: 2023 NBA Free Agent Tracker]

While those are just tentative agreements and could still fall apart, that usually doesn’t happen more than once or twice in a given offseason, so it’s safe to pencil those deals in for the time being and assume those free agents are off the board.

So who does that leave? As of early Sunday morning, here are the top free agents from our top-50 list who have yet to agree to new deals:

  1. Miles Bridges, F, Hornets (RFA)
  2. P.J. Washington, F, Hornets (RFA)
  3. Grant Williams, F, Celtics (RFA)
  4. Christian Wood, F/C
  5. Kelly Oubre, F
  6. Eric Gordon, G
  7. Malik Beasley, G/F
  8. Matisse Thybulle, F, Trail Blazers (RFA)
  9. Lonnie Walker, G/F
  10. Mason Plumlee, C
  11. Ayo Dosunmu, G, Bulls (RFA)
  12. Torrey Craig, F
  13. Hamidou Diallo, G
  14. Paul Reed, F/C, Sixers (RFA)

The Hornets are very much in the mix for all three of the remaining free agents in our top 20. As long as their qualifying offers to Washington and Bridges remain on the table, they control those players’ free agencies, with the ability to match any offer sheet they sign.

A report on Saturday indicated Charlotte is also mulling the possibility of an offer sheet for Williams. If the Hornets went ahead with a pursuit of the Celtics forward, it would presumably mean moving on from at least one of Bridges or Washington. According to Michael Scotto of HoopsHype, Washington has received interest from a few other teams and may be looking at a deal in the range of the one Rui Hachimura got from the Lakers (three years, $51MM).

Since being restricted can slow down the free agency process for players who don’t quickly negotiate a deal with their own teams, it’s possible there won’t be resolution right away for Thybulle, Dosunmu, and Reed. However, the rest of the players in this group are unrestricted and could move faster.

Scotto also has an update on Beasley, reporting today that the veteran shooter has drawn interest from the Sixers, Suns, Raptors, Mavericks, Bucks, and Warriors since reaching free agency. Some of those teams are limited to a minimum-salary offer.

The Kings and Pistons are among the teams that have displayed interest in Craig, according to Scotto, who notes that Detroit’s new head coach Monty Williams was a fan of the wing in Phoenix.

The following free agents were noted in the honorable mention section of our top-50 list and aren’t yet spoken for:

Here are our full lists of free agents by position/type and by team.

Raptors Notes: VanVleet, Schroder, Anunoby, Coaching Staff

The Raptors and Rockets both increased their offers to Fred VanVleet Friday night before he decided to sign with Houston, according to Michael Grange of Sportsnet.ca.

Toronto had been hesitant to exceed $90MM over three years, with one source describing it to Grange as a “glass ceiling.” Although VanVleet is one of the most accomplished players in franchise history, he has missed 30 combined games due to injury over the last two years and he shot career lows both from the field and from three-point range last season. There were also concerns that going beyond that limit would inhibit the team’s ability to make other moves, such as re-signing center Jakob Poeltl.

The situation changed when rumors of James Harden returning to Houston died down and the Raptors realized that VanVleet had become the Rockets’ number one target. During a meeting with VanVleet shortly after the start of free agency, Raptors officials presented him with an expanded offer that brought it to $120MM for four seasons.

Sources tell Grange that VanVleet next met with the Rockets, who also added a year to their offer, increasing it to three years at nearly $129MM. After nearly three hours of waiting, the Raptors learned that they were losing their starting point guard.

There’s more from Toronto:

  • Lakers players will miss Dennis Schröder, whom the Raptors quickly signed as VanVleet’s replacement, per Dave McMenamin of ESPN. Austin Reaves called Schroder “one of the best teammates I’ve met” and said his commitment to winning over everything else made him stand out.
  • Before OG Anunoby finalized a change in his representation, he told prospective agents that he wants a situation with more ball-handling and playmaking responsibilities when he signs his next contract, according to Jake Fischer of Yahoo Sports. VanVleet’s departure and the addition of Darko Rajakovic as head coach might provide that opportunity for Anunoby in Toronto, Fischer suggests.
  • James Wade is the latest addition to Rajakovic’s coaching staff, tweets James Kay of TheNextHoops. Wade had been the general manager and head coach of the WNBA’s Chicago Sky.

Raptors Sign Jalen McDaniels To Two-Year Deal

JULY 6: The Raptors have officially signed McDaniels, per a team press release.

“Jalen is a hard-working, defensive-minded player who we believe has tremendous potential for growth,” team president Masai Ujiri said in a statement. “He brings versatility to both ends of the floor, and we’re excited to see him develop as a member of the Raptors.”


JULY 1: The Raptors have reached an agreement on a deal with free agent forward Jalen McDaniels, reports Shams Charania of The Athletic (Twitter link).

According to Charania, McDaniels will sign a two-year, $9.3MM contract with Toronto. Those figures suggest the team will complete the signing using its bi-annual exception, which starts at about $4.5MM.

A former second-round pick, McDaniels spent his first three-and-a-half seasons in the NBA with the Hornets before being traded to the Sixers at the February deadline. The 6’9″ forward is a 34.5% career three-point shooter and has the length and athleticism to guard multiple positions, so he should fit right in with the Raptors and their collection of rangy wings.

The No. 34 free agent on our top-50 list, McDaniels averaged 9.4 points, 4.3 rebounds, 1.6 assists, and 1.0 steal in 23.9 minutes per game (80 appearances) for Charlotte and Philadelphia in 2022/23.

The Raptors suffered a major loss on the first day of free agency when Fred VanVleet opted to leave Toronto for Houston. That generated some spending flexibility below the luxury tax line for the Raps, who committed their full mid-level exception to point guard Dennis Schröder.

With their bi-annual exception ticketed for McDaniels, the Raptors will be limited to minimum-salary signings and/or trades for the rest of the offseason.

Raptors’ Thaddeus Young Among Players Earning Salary Guarantees

Veteran forward Thaddeus Young got good news on Friday when the Raptors opted to keep him on their roster rather than waiving him. Because he’s still under contract, Young’s $8MM salary for the 2023/24 season has become fully guaranteed, league sources tell Michael Scotto of HoopsHype (Twitter link). It was previously only partially guaranteed for $1MM.

Young didn’t initially look like a great bet to earn that full $8MM, since Toronto was facing a cap crunch and he didn’t play a major role in 2022/23. The 35-year-old, who appeared in 54 games for the Raptors last season, averaged just 4.4 points and 3.1 rebounds in 14.7 minutes per night — all three numbers were career lows.

However, the Raptors gained significant cap flexibility when Fred VanVleet opted to leave Toronto for Houston in free agency. With no risk of surpassing the luxury tax threshold, the team opted to hang onto Young, whose expiring salary could come in handy in a trade at some point during the 2023/24 league year.

Young was one of several players who had a salary guarantee deadline on Friday, as our tracker shows. Hoops Rumors can confirm that Jeremiah Robinson-Earl of the Thunder ($1.9MM) and Brandon Boston Jr. of the Clippers ($1.84MM) also remain under contract and have fully guaranteed salaries for 2023/24, as does Timberwolves guard Jordan McLaughlin ($2.32MM), which was anticipated.

Trail Blazers forward Trendon Watford was the only roster casualty among Friday’s group, having been cut before his $1.84MM salary became guaranteed. The Magic postponed their decision on big man Bol Bol, though his new salary guarantee date has yet to be reported.

Free Agent Rumors: G. Williams, Lakers, Gordon, Vincent, Brooks

The Celtics are letting the market dictate how they proceed with the contract of restricted free agent power forward Grant Williams.

Sources tell Adam Himmelsbach of The Boston Globe that, since Boston has the right of first refusal on Williams, the team is waiting to see if he gets an offer sheet before making a decision on his future.

The 3-and-D role player could be feeling some roster squeeze if he does return to the Celtics next season, as the club will now boast a frontcourt that features Kristaps Porzingis in addition to Al Horford and Robert Williams III.

Here’s more from around the league:

  • The Lakers may be open to bringing back unrestricted free agent shooting guard Malik Beasley for next season, even after deciding not to pick up their $16.5MM option on him for 2023/24. Sources tell Jake Fischer of Yahoo Sports that team president Rob Pelinka still appreciates Beasley as a player and the club has some interest in re-signing him on what would have to be a significantly smaller deal. Fischer adds that the Lakers have not yet made a determination on the future of starting point guard D’Angelo Russell, though both Russell’s management and L.A. had been hopeful about reaching a new long-term deal earlier Friday.
  • Fischer adds that the Raptors were viewed as a prime suitor Gabe Vincent as it became increasingly clear that Fred VanVleet would sign a huge new contract with the Rockets. However, after Lakers mid-level target Bruce Brown joined the Pacers early on in free agency, Los Angeles weighed a pursuit of shooting guard Eric Gordon before ultimately deciding on Vincent. Sources tell Fischer that the Raptors didn’t end up reaching out to Vincent during free agency.
  • The Heat offered Vincent a four-year, $34MM contract to stay in Miami, a source tells Tim Reynolds of The Associated Press (via Twitter). The 27-year-old instead opted for a shorter-term deal with a higher annual salary, accepting a three-year, $33MM offer from the Lakers.
  • The Rockets‘ anticipated meeting with small forward Dillon Brooks is taking place either late on Friday or at some point on Saturday, reports Kelly Iko of The Athletic. According to Iko, the defensive-oriented 6’7″ swingman has had conversations with the Bucks and Lakers on Friday while Houston focused on locking up VanVleet. Now that the Lakers have committed most of their mid-level exception to Vincent, they’re likely no longer a viable landing spot for Brooks, Iko notes.

Free Agent Rumors: Lopez, Banton, T. Davis, Strus

Multiple NBA clubs are awaiting word on the future of unrestricted free agent center Brook Lopez, who has spent his past five seasons with the Bucks, per Jake Fischer of Yahoo Sports (Twitter link).

Fischer reports that “increasing word” on Friday suggests the Rockets may bid in excess of the two-year, $40MM deal that has been floated as a possibility.

Lopez, 35, has enjoyed a fruitful relationship with Milwaukee. The seven-footer has been named to two All-Defensive Teams and won his first championship during his Bucks tenure, while totally transforming his game, from being a fringe All-Star post scorer while with the Nets to the gritty 3-and-D role player he is now.

In 78 regular season games for the 58-24 Bucks last season, the former Stanford big man posted averages of 15.9 PPG on .531/.374/.784 shooting splits, in addition to 6.7 RPG, 2.5 BPG and 1.3 APG. He was the runner-up for Defensive Player of the Year honors.

Here are further free agent rumors:

  • Free agent point guard Dalano Banton met with the Celtics on Friday, according to Rafael Barlowe of NBA Big Board (via Twitter). The 6’9″ vet out of Nebraska had spent both of his NBA seasons to date with the Raptors. In 31 contests, last year, he averaged 4.6 PPG, 1.5 RPG and 1.2 APG.
  • The Celtics, Suns, Bucks, Mavericks and Raptors are among the teams with some level of interest in free agent former Kings shooting guard Terence Davis, according to Mark Jones of ESPN and Michael Scotto of HoopsHype (Twitter links).
  • According to Fischer (Twitter link), the Spurs have emerged as a possible third team in a rumored sign-and-trade deal that would send Heat free agent shooting guard Max Strus to the Cavaliers. Sources tell Fischer that Cleveland has been looking to offload the contract of swingman Cedi Osman, whom Miami presumably has no interest in taking on. Barry Jackson of The Miami Herald reports (via Twitter) that the Heat are aiming to create a trade exception and a future second-round draft selection in any sign-and-trade involving Strus.

Raptors, Gary Trent Jr. Nearing Multiyear Extension

After exercising his 2023/24 player option worth $18,785,000, Gary Trent Jr. is closing in on a “lucrative multiyear extension” with the Raptors, league sources tell Chris Haynes of TNT and Bleacher Report (Twitter link).

Trent will be extension-eligible on July 7, so a new deal would technically have to wait about a week before becoming official.

The 24-year-old had long been expected to opt out of his option in order to hit the open market and sign a longer-term deal worth perhaps $18-20MM annually. It seems as though that will be coming to fruition, but instead of with a new club, the young shooting guard will be staying with Toronto.

As Blake Murphy of Sportsnet.ca notes (via Twitter), Trent’s extension technically could be worth up to $116.4MM with a starting salary of $25.98MM in ’24/25 due to a change in how veteran extensions work in the new CBA. Murphy doesn’t think Trent will receive that robust total, but it gives more wiggle room for negotiating a larger sum.

Trent is coming off a solid two-and-a-half year stint in Toronto in which he averaged 17.7 points per game on .420/.374/.843 shooting while chipping in 1.6 SPG. He was acquired via trade from Portland in March 2021 for Norman Powell.

The Raptors have been active in free agency, re-signing Jakob Poeltl to a four-year deal but losing longtime veteran Fred VanVleet, who received a three-year, maximum-salary contract from the Rockets. Toronto quickly pivoted to replace VanVleet by signing Dennis Schröder.