The Toronto Raptors don't need to hit it out of the park as they fill their final few roster spots, but with so many bargain-bin free agents still available, there's always a chance that general manager Masai Ujiri could land a valuable contributor with his remaining cap space.
He has worked his tail off in recent weeks trying to re-sign members of the 2013-14 rotation who not only helped the franchise earn its second Atlantic Division title but also the first postseason appearance in more than six years.
Kyle Lowry agreed to a four-year, $48 million deal to stay a Raptor, per Sam Amick of USA Today. Patrick Patterson will remain with the team on a three-year, $18 million deal as well, according to ESPN's Jeff Goodman. Nothing can be official until July 10.
That leaves the Raptors with 10 players under contract for next season: Lowry, Patterson, DeMar DeRozan, Amir Johnson, Terrence Ross, Jonas Valanciunas, Chuck Hayes, Landry Fields, Lou Williams and Tyler Hansbrough.
According to Ryan Wolstat of the Toronto Sun, Ujiri is "closing in" on a deal with backup guard Greivis Vasquez. Factoring in rookies Bruno Caboclo (No. 20 pick in the 2014 NBA draft) and Lucas Nogueira (No. 16 pick in the 2013 NBA draft, acquired from Atlanta Hawks in the John Salmons trade, per Marc Stein of ESPN), that gives the Raptors 13 players and two open spots remaining.
Vasquez should earn anywhere from $4 to $6 million in his next deal, giving Ujiri the opportunity to use his full mid-level exception to round out the team. The 2014-15 salary cap is projected at $63.2 million, with the tax level at $77 million, according to Larry Coon's CBA Blog.
Small forward and backup center are the most glaring weaknesses, so the mid-level exception should go toward fixing those areas of need.
Let's take a look at five free agents who can help the Raptors on the cheap while maybe even exceeding their market value in the process.