The first meaningful few weeks of the off-season went nicely for the Toronto Raptors but now comes the hard part: reaching deals with pending free agents Fred VanVleet and Jakob Poeltl.
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Although Trent Jr.’s camp has signalled interest in signing an extension with Toronto, there are no plans for formal discussions as of now and it’s very much considered something in the "we’ll see" category. A year ago — on the heels of massive extensions to the young, shoot first, defend later wings like Tyler Herro ($120 million); Jordan Poole ($120 million) — here seemed like a universe where Trent Jr. could command a four-year deal starting north of $100 million.
Now? That market seems to have cooled off, and the sense is if the Raptors do want to reach an extension with Trent Jr. it will be a little more modest. If they don’t? A career 38 per cent three-point shooter on a reasonable expiring deal shouldn’t be too hard to move for at least some kind of return.
In any case, the decision on Trent Jr. has been kicked down the road with minimal obligation, and the Raptors keep one of their better shooters under contract at a good price.
Now we get to the hard part: What to do with pending free agents Fred VanVleet and Jakob Poeltl? And where things stand with Pascal Siakam, the team’s leading scorer, all-star and two-time all-NBA selection, who is heading into the last year of his deal and eligible for an extension before hitting free agency in the summer of 2024?
Multiple teams have inquired about the possibility of Siakam being available — Atlanta, Charlotte, Dallas, Houston, New Orleans and Sacramento have made calls — and while few conversations have even qualified as preliminary, it’s not as if the Raptors have been opposed to listening. As has been typical, their true intentions are hard to read: “Not the easiest team to figure out,” said one league source.
Watching carefully, doubtless, will be O.G. Anunoby, the Raptors' all-NBA defender and likely a very popular free agent this time next year, given he should be in line for a deal more than the highest extension Toronto could offer, which would be about $116 million over four years.
It’s a lot of question marks for a team coming off a 41-41 season that cost head coach Nick Nurse his job.
The first order of business is reaching deals with VanVleet and Poeltl. There isn’t much wiggle room here: The Raptors traded away a lightly protected first-round pick to add Poeltl at the trade deadline, confident he was the piece that could help stabilize their lineup. Failing to sign him would be a significant miscalculation. Similarly, Toronto opted not to trade VanVleet at the deadline and would stand to lose him for nothing if he walks in free agency.
The Raptors are expected to meet VanVleet in Los Angeles on Friday night while plans to connect with Poeltl are being ironed out.
Their belief in Poeltl’s on-court value was more or less proven out: Toronto went 15-10 in 25 games with the big Austrian starting, and Poeltl contributed 13.4 points, 9.3 rebounds, 2.2 assists, 1.4 blocks and 1.2 assists on 64.9 per cent shooting in 27.9 minutes a game, while playing excellent defence. It’s hard to get more efficient than that.
Toronto believes returning all or most of their core along with a coaching change could see them be a factor in the East.
Poeltl’s return at the right deal has generally been considered a given with the working assumption that a four-year deal worth something around $80 million would do the trick but things can happen and there are few discounts offered in the NBA. Multiple league sources have said the San Antonio Spurs have inquired about the possibility of a reunion with Poeltl as a veteran centre alongside No. 1 pick Victor Wembanyama, who they project as a stretch four, at least on offence.
After several years of rebuilding in San Antonio, Poeltl made clear last season how much he enjoyed playing on a competitive team again. Are the Raptors his best option, or only one? With Wembanyama in the fold, the Spurs could make a jump. “Free agency can get a little crazy and unpredictable,” as one source put it. “I don’t think Poeltl’s [deal] is as done as people think.”