Toronto Raptors

Executed a franchise-altering trade acquiring Kawhi Leonard from the Clippers for Brandon Ingram, Gradey Dick and multiple picks — a clear win-now pivot around the Barnes-Barrett-Leonard trio. Added Kyle Anderson (1yr min) for playmaking and defensive versatility off the bench after Mamukelashvili declined his option and left for the Lakers, filled all three two-way slots (Trey Jemison, Jaden Bradley, Chucky Hepburn) and brought in Andre Jackson Jr. on an Exhibit 10. Kawhi's $50.3M lands Toronto at $199.8M across 13 standard deals — $333K under the tax — and because the Raptors took back more salary than they sent out in the Clippers deal, they are hard-capped at the first apron with just $2.3M of room once unlikely bonuses are counted, effectively freezing the last two roster spots. The roster features three high-usage wings but lacks proven shooting and rim protection behind Poeltl. Health is the defining variable: a healthy Kawhi (extension talks reportedly advanced) makes this a playoff team in the East; his injury history leaves major downside risk. Kawhi's 2yr/$115M extension (Sep 18) locks him in through 2028-29 — the Ingram-Dick gamble is now a three-year commitment.

Took back more salary than it sent out in the Kawhi Leonard trade (Ingram + Dick) — team salary cannot exceed $209.0M at any point this season.

2026-27 figures verified against Spotrac and HoopsRumors reporting. View full cap sheet on the Salary Cap page.