Kapono, two-time winner of the NBA's Long Distance Shootout at All-Star Weekend and a career 45.4 percent marksman from three-point range was the shooter sought by the 76ers to give them the outside presence they have lacked since trading away Kyle Korver.
"We are very excited to add one of the league's most prolific three-point shooters in Jason Kapono," Sixers general manager Ed Stefanski said. "We feel that this move addresses our goal of improving our shooting from the perimeter. (ESPN)
The Raptors add, in Evans, a rebounder to help Chris Bosh and save 2.8 million in cap space.
"Reggie Evans will certainly add an element of toughness to our team," Raptors president Bryan Colangelo said in a statement Tuesday. "He has very good rebounding and defensive instincts, addressing two areas where we have underperformed." (ESPN)
This is the first formalized trade in what could be a busy and exciting offseason.