The Toronto Raptors roster turnover continues. The team will be losing starting shooting guard Anthony Parker, who is expected to sign with the Cleveland Cavaliers as a free agent, according to the Cleveland Plain Dealer, while an NBA source confirmed last night that Shawn Marion will be signed and traded to the Dallas Mavericks in a deal that also includes Kris Humphries.
The moves clear the path for the Raptors to sign Hedo Turkoglu as a free agent later Thursday.
But a late development could pay significant dividends for the Raptors. Rather than sign Turkoglu outright, Toronto will see him join the club by way of a sign-and-trade with the Orlando Magic that means Toronto will retain the ability to use the mid-level exception which gives them an additional $5.8-million to sign players this off-season, which could go a long way toward shoring up their depleted bench.
The long-rumoured trade of Marion to Dallas allows the Mavericks to sign the versatile forward to a five-year, $39-million deal - a deal $5-million richer than he was likely to get in Toronto or elsewhere as Dallas loads up to compete in the Western Conference.
In return, the Raptors receive Antoine Wright and Devean George, who provide Toronto with some experienced depth on the perimeter. As well the Raptors potentially save some money on the deal because Wright and George are both on the last year of their contracts while Humphries has another year after this one.
The Memphis Grizzlies facilitated the deal by taking on the contract of Jerry Stackhouse along with a reported $3-million cash. He's heading into the last year of his deal, but only $2-million of the $7-million he's owed is guaranteed.
Meanwhile, The Globe and Mail can confirm that the Raptors have arranged for Turkoglu to be signed-and-traded by the Magic in exchange for a trade exception.