Update (9:30 p.m. Tuesday):
According to ESPN's Chris Broussard, the Raptors are certainly interested in Rondo. But there could be a hang-up in the deal, as Toronto likely wouldn't be willing to send major assets without a long-term commitment.
Toronto would love to make a deal for Rajon Rondo, but I'm told Rondo would not re-sign a long-term contract in Toronto after next season...— Chris Broussard (@Chris_Broussard) February 19, 2014
Kyle Lowry is currently enjoying a career season at point for the Raptors, but is set to hit the open market this summer. There have been conflicting reports, courtesy of ESPN's Marc Stein and Ian Begley, regarding Lowry's future, but according to Wolstat, the Raps aren't only looking to cash in on Lowry before his contract is up; they're looking to land a full-fledged star in his place.
It’s no secret Boston has dangled four-time all-star Rajon Rondo league-wide and while the asking price is steep, he has piqued the interest of Toronto’s front office, according to multiple sources. Toronto is eager to up its “star” quotient and is also enamoured with Rondo’s resume, particularly his four all-defensive team selections (two all-NBA first team). He has many backers in the organization.
Sam Smith of Bulls.com has reported the buy-in price for talks with the Boston Celtics is two first-round picks. Toronto owns four first-rounders over the next three years after acquiring the New York Knicks' 2016 first-rounder for Andrea Bargnani.
The report outlined scenarios where Rondo would end up in Toronto, the Knicks would land Lowry and the Celtics would come away with several assets, including Tim Hardaway Jr. Wolstat alluded to Atlanta Hawks point guard Jeff Teague as a fallback option for either Toronto or New York.
Rondo returned in January from a torn ACL and has averaged 14.5 points, 9.3 assists and 6.3 boards on 66 percent shooting, including an uncharacteristic 50 percent from deep, since Feb. 2.
According to Yahoo! Sports' Marc J. Spears, the Sacramento Kings had been the most recent team to make a run for Rondo, offering Isaiah Thomas, Ben McLemore and two draft picks. The deal was axed after the eight-year veteran indicated he wouldn't re-sign with the Kings after his current contract expired in the summer of 2015.
The Sun report doesn't offer a lot of insight in regard to specific talks the Raptors have had, other than that Toronto is very interested.