A record of 34-48 was good enough for 10th in the Eastern Conference, which was four games back of the eighth-seeded Milwaukee Bucks (38-44).
Progress was made, especially in the second half of the season when Rudy Gay came over from the Memphis Grizzlies, but the rebuilding and renovating of this roster can't stop there.
Other moves must be made.
The Raptors first-round pick (which was sent to the Houston Rockets in the trade for Kyle Lowry) will likely be heading to the Oklahoma City Thunder (via the James Harden trade), so acquiring more talent via the 2013 NBA draft will be out of the question this summer, unless Toronto somehow moves into the first three overall picks.
Toronto won't have a lot of cap space to work with in the free-agent pool, but that shouldn't stop them from taking a look at some available talent that they could possibly get on the cheap.
Of course not.
However, there will be guys on the market that they can realistically acquire that can help improve this basketball team.
Here's a look at five players who will become free agents this summer that the Toronto Raptors should keep their eye on and possibly make a move to bring on board.
(all stats courtesy of ESPN.com and HoopsHype.com)