Hedo Heads to Toronto

Jon AlbaCorrespondent IJuly 4, 2009

ORLANDO, FL - JUNE 14:  Hedo Turkoglu #15 of the Orlando Magic moves the ball against Trevor Ariza #3 of the Los Angeles Lakers in Game Five of the 2009 NBA Finals on June 14, 2009 at Amway Arena in Orlando, Florida. The Lakers won 99-86.  NOTE TO USER:  User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)

Big breaking news coming in this early 4th of July morning, as ESPN is reporting that former Magic G/F Hedo Turkoglu has agreed to a multi-year deal with the Toronto Raptors. The contract is reportedly worth around five years/$53 million. This will put the Raptors just below the cap limit.

Early in the day, it had been reported that Hedo had agreed to a deal with the Portland Trailblazers, who had planned to plug him in alongside Brandon Roy and Greg Oden.  However, despite verbally agreeing, Turkoglu decided a better fit would be in the Eastern Conference, which is significantly less competitive than the Western Conference. 

The signing will undoubtedly give F Chris Bosh, who is in his contract year, a chance to win a championship. With the addition of Hedo, who threw in 16.8 ppg for the Eastern Conference champion Orlando Magic, Bosh will be able to dominate the paint as he has in years past with some assistance as well. He is predicted to be one of the key free agents of the class of 2010.

Turkoglu's former team, the Magic, will plan to move forward with the recently-acquired Vince Carter. Though he may not be able to fill the void, the team plans to move forward with their current lineup under coach Stan Van Gundy.

SportsFullCircle will have more on this story as more details are revealed.