Raptors Just Made A Costly Bet On Their Entire Core

Kawhi Leonard's lucrative extension with the Toronto Raptors highlights the team's contract strategy, raising questions about their negotiating choices and long-term financial planning.

Kawhi Leonard’s new two-year, $115 million extension with the Toronto Raptors lands right in the middle of the franchise’s long-running identity: expensive enough to raise eyebrows, but not so expensive that it feels out of character.

That’s the tension around this deal. Toronto didn’t pay the absolute top of the market to keep Leonard, but it still committed major money to a player whose health has been a concern in recent years. And according to CBS Sports’ Sam Quinn on the Third Apron Podcast, that kind of move fits the Raptors’ reputation almost too well.

“The Raptors have a reputation around the NBA simultaneously for being a team that tends to duck the tax but also being a team that weirdly doesn’t really negotiate hard with its own players,” Quinn said. “I know Immanuel Quickley was signed during the Masai Ujiri era.

That contract is like the benchmark for overpaid guards right now. Jakob Poeltl…That deal made no sense to anybody.”

Quinn didn’t stop there. He pointed to Toronto’s approach as something that deserves a little criticism, especially with Leonard’s situation.

He added, “Kawhi might just be awesome. He might just be Kawhi, and you’re fine paying him whatever. I think they had a little bit more room to negotiate, and, given their history, yeah, I’m going to ding them a little big for not negotiating hard with Kawhi when there is a somewhat similar standard out there for a similarly accomplished player who’s roughly as good right now, who got a much better deal from the Rockets.”

That player was Kevin Durant, who signed for $90 million over two years last season. Leonard’s leverage was significant, too, since he had made it public that he would only want to sign an extension with the Raptors and Spurs if the Clippers traded him.

Of the Raptors’ major contracts, Leonard’s has the clearest path to looking justified. If he performs the way he did for the Clippers last season and stays on the floor, Toronto could be staring at a contender for the next few years.

He may also be the piece that helps Immanuel Quickley have his best season as a Raptor. A scorer of Leonard’s caliber should make life easier for Quickley by creating more space and more off-ball chances.

Jakob Poeltl’s deal remains the toughest sell, but there’s still a case for it if he’s healthier than he was last season. Toronto needs his size and rebounding, especially with backup options that are either undersized or still unproven, even if Collin Murray-Boyles will close many games.

Even if Leonard, Quickley, and Poeltl all play well, the Raptors’ cap picture stays complicated. RJ Barrett will be an unrestricted free agent after this season, Jamal Shead is headed for restricted free agency, and Ja’Kobe Walter has a chance to work his way into a nice rookie extension this season. Barrett is the most expensive of that group to bring back, which makes him a name to watch in trade talks.

And for all the money Toronto has already committed, the roster still needs more help. The Raptors still have upgrades to make if they’re going to build a true contender around Leonard and Scottie Barnes.

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Leonards arrival gives the Raptors another layer of intrigue because any leap from here will be judged against the upgrade in talent as much as the coaching itself. Toronto could also have award chatter elsewhere, with Collin Murray-Boyles in the Sixth Man of the Year mix and Scottie Barnes in the Defensive Player of the Year conversation, which means Rajakovic may have a hard time separating his work from a roster that suddenly has several headline possibilities. [Read more 🡒]