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FILE - In this Jan. 5, 2018, file photo, San Antonio Spurs forward Kawhi Leonard handles a ball before an NBA basketball game against the Phoenix Suns in San Antonio. Two people familiar with the situation say San Antonio and Toronto have reached an agreement in principle on a trade that will send Kawhi Leonard to the Raptors and DeMar DeRozan to the Spurs. One of the people says the Spurs also are sending Danny Green to the Raptors as part of the deal. Both people spoke to The Associated Press on condition of anonymity Wednesday, July 18, 2018, because the deal has not been finalized. (AP Photo/Eric Gay, File)
FILE - In this Jan. 5, 2018, file photo, San Antonio Spurs forward Kawhi Leonard handles a ball before an NBA basketball game against the Phoenix Suns in San Antonio. Two people familiar with the situation say San Antonio and Toronto have reached an agreement in principle on a trade that will send Kawhi Leonard to the Raptors and DeMar DeRozan to the Spurs. One of the people says the Spurs also are sending Danny Green to the Raptors as part of the deal. Both people spoke to The Associated Press on condition of anonymity Wednesday, July 18, 2018, because the deal has not been finalized. (AP Photo/Eric Gay, File)Eric Gay/Associated Press

NBA Rumors: Latest Buzz on Possible Raptors Trade, Jimmy Butler and More

Steve SilvermanJul 23, 2018

The Toronto Raptors are in the process of retooling their roster. They made a big move last week when they acquired disgruntled San Antonio Spurs superstar Kawhi Leonard in a major deal that sent All-Star guard DeMar DeRozan in the oposite direction.

The Raptors also acquired Danny Green, and they sent Jakob Poeltl and a protected first-round pick to San Antonio.

Initial reports indicated that neither Leonard nor DeRozan was happy with being traded, but Leonard will become a free agent at the end of the 2018-19 season if he doesn't sign a long-term contract with the Raptors in the next year.

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However, the Raptors are looking to make additional trades in an effort to cut salary from the payroll, according to Ian Begley of ESPN.com.

Two of the trade candidates could include forward Serge Ibaka and center Jonas Valanciunas. Ibaka has two years and nearly $45 million left on his contract, while Valanciunas is scheduled to earn more than $16.5 million and has a player option for the 2019-20 season. 

The Raptors finished the season with a 59-23 record and were the No. 1 seed in the Eastern Conference. However, after beating the Washington Wizards in the first round, the Raptors were swept by the Cleveland Cavaliers in the next round, and head coach Dwane Casey was subsequently fired.

Despite their excellent regular-season record, they are intent on continuing to make key changes in the offseason.

Meanwhile, there are further indications that Jimmy Butler may not stay with the Minnesota Timberwolves on a long-term basis.

The former Chicago Bulls All-Star turned down a four-year, $100 million offer, according to Nick Friedell of ESPN.com. Later reports indicated that the offer was for $110 million.

Further discussion on the Bulls Talk Podcast (h/t Danny Abriano of SNY.TV) by Mark Schanowski of NBC Sports Chicago indicated that Butler could get together with Kyrie Irving of the Boston Celtics with the New York Knicks or the Brooklyn Nets in 2019.

Bulls beat reporter Vincent Goodwill, also of NBC Sports Chicago, said that a third player, who is quite prominent in the league, may be ready to join Butler and and Irving.

The Timberwolves can keep Butler for the upcoming season, but they would risk losing him as a free agent next year. That may indicate that a trade in the offseason or prior to the 2018-19 trade deadline could be a legitimate possibility.

The Phoenix Suns believe the addition of No. 1 draft pick DeAndre Ayton will help the team improve significantly.

However, there are a number of moves still to be made, and that includes cutting players and salaries that may weigh the team down.

However, Tyson Chandler is not one of those players, according to Scott Bordow of AZCentral. Phoenix sports talk-show host John Gambadoro had previously indicated that the Suns had talked about a buyout with Chandler, but Bordow since reported that not to be the case.

The 35-year-old power forward averaged 6.5 points and 9.1 rebounds per game. Chandler is a 17-year NBA veteran.

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