Draft Picks Coming: 2014 second round (Sacramento, protected 56-60); 2014 second round (Oklahoma City); 2016 first round (New York); 2017 second round (New York)
Draft Picks Going: 2014 second round (to Milwaukee); 2016 second round (to Memphis)
Trade Exceptions: Andrea Bargnani ($1,220,000), expires July 10, 2014
Over/Under: Over the cap, under the tax
Amnesty Provision: Used on Linas Kleiza (2013)
Stretch Provision: Available
Player Option Team Option Qualifying Offer
New GM Masai Ujiri has inherited Bryan Colangelo’s mess and is doing a good job of cleaning it up.
Coming off another trip to the lottery, the Raptors had no draft picks and several unwieldy contracts. Ujiri’s first order of business was sending Andrea Bargnani’s eight-figure deal to the Knicks for the smaller bad contracts of Steve Novak and Marcus Camby, plus three future draft picks.
Novak’s shooting ability leaves open the possibility that he could be rerouted at some point. Camby only has a partial guarantee for the final year of his deal and was bought out. And Quentin Richardson and his “magic envelope” were waived.
Six weeks into the season, Ujiri dumped another huge contract, moving Rudy Gay to Sacramento in a seven-player deal. He potentially saved $10 million off his 2014-15 cap and positioned the Raptors to land a high pick in the loaded 2014 draft.
Ujiri has pulled out all the stops. He waived Richardson, negotiated a buyout with Marcus Camby, used the amnesty provision on Linas Kleiza and waived D.J. Augustin five months after signing him. The Raptors are paying four players not to play for them – this season.
Next summer, Kyle Lowry’s deal comes off the books, John Salmons (acquired for Gay) has a $1 million buyout and Greivis Vasquez (also acquired for Gay) has a manageable qualifying offer.