breaking news

Bryan Colangelo pulls off a miracle, Raps can spend money

July 9th, 2009 | by Dan Levine


Bryan Colangelo has done the impossible for the Toronto Raptors.

The GM, who many fans had begun to question, pulled an unbelievable move late Wednesday. From Adrian Wojnarowski of Yahoo Sports:

“The Dallas Mavericks have reached agreement to acquire Shawn Marion in a sign-and-trade deal with the Toronto Raptors, league sources said Wednesday.

The Mavericks and Raptors recruited the Orlando Magic and Memphis Grizzlies to help facilitate the deal. The Raptors will get Hedo Turkoglu in a sign-and-trade deal with the Magic rather than signing him outright. They also will receive forwards Devean George and Antoine Wright from the Mavericks.

Marion will receive a five-year, $40 million contract from the Mavericks.

Stackhouse will go to the Grizzlies, who will waive him. Only $2 million of Stackhouse’s $7 million contract for next season is guaranteed. The Grizzlies will receive cash, likely $3 million, to participate in the trade.”

Toronto, which gets to keep its midlevel salary-cap exception, sends a trade exception to Orlando. The Mavericks also will receive forward Kris Humphries from the Raptors.”

Bruce Arthur of the National Post has more details:

“Toronto has regained eligibility for the league’s two exceptions to the salary cap. That opens up slots of US$5.854-million and US$1.99-million, which could be used to significantly bolster the team’s battered depth. This is a remarkable coup for Toronto, which was looking to re-sign shooting guard Anthony Parker and swingman Carlos Delfino, and also looking at Denver’s Linas Kleiza, but was up against the cap after agreeing to a five-year, US$53-million deal with Turkoglu, who will now apparently join the team in a sign-and-trade with Orlando, which will receive a trade exception in return.

Now, the Raptors have conjured up extra money to spend.”

This trade is amazing if you’re a Raptors fan. To sum up the reasons:

  1. The Raps now have almost $8 million to spend between their two exceptions. This is huge – Fans were already dealing with the fact that Toronto was pretty much done signing players, having maxed out with Turkoglu and with no exceptions. Now we’ll see how BC spends it.
  2. The Raps lose Humphrey’s salary and take on two expiring contracts in George and Wright. Hump’s deal lasted two more years and this clears immediate space for next summer, or can act as potential trade bait later.
  3. Wright can start at shooting guard if DeRozan isn’t ready…and that’s a distinct possibility.

This trade was great even without the exceptions – To have that makes it simply unbelievable. As Aurthur writes,

“Now, the Raptors can go shopping in a buyer’s market, even if Parker is off the table. What started as a slow off-season for Toronto has turned into a bold series of moves that have the potential to transform the Raptors from 33-win also-ran to playoff contender. Somewhere, Bryan Colangelo should take a bow.”

Indeed.

-DL

Wojnarowski is here.
Aurthur is here.

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