The Phoenix Suns may have opened the door for a lot of teams with one move, and the Toronto Raptors should be right near the front of the line.
Michael Scotto of HoopsHype reported on X earlier today that Phoenix has waived Haywood Highsmith, the 29-year-old wing it added in mid-February after Brooklyn cut him loose. Highsmith signed with the Suns on a reported two-year deal worth about $3.85 million, though only $1 million of that salary was partially guaranteed for the 2026-27 season.
For a player with six NBA seasons under his belt, Highsmith has built his value the hard way. He spent a long stretch in Miami from 2021 to 2025 and became one of those classic “Heat Culture” finds. In his career, he’s averaged 5.4 points per game while shooting 45.0 percent from the field and 37.9 percent from three, along with 3.1 rebounds per game.
That profile tends to travel well. Highsmith is the kind of 3-and-D forward teams love to stash in the rotation: active, versatile, willing to defend, and not looking for touches. That’s why a player like him is going to draw attention now that he’s on the open market.
Toronto makes sense here for a few reasons. The Raptors have generally liked this type of wing, and Highsmith checks a lot of those boxes.
He can guard on the perimeter, doesn’t need the ball, and can knock down the three. That’s the sort of role player Toronto has shown interest in surrounding its core with.
Even with the Kawhi Leonard trade still not finalized, the Raptors have already added players who fit that buy-in style, including Kyle Anderson and Allen Graves. There are also Scottie Barnes, Ja’Kobe Walter, and, in a different way, Collin Murray-Boyles in the mix. Barnes and his expected soon-to-be co-star, The Klaw, are still the names driving the conversation, but a veteran like Highsmith would add another layer.
He’d also bring something a little different from Kyle Anderson. Anderson can function as a small-ball five, while Highsmith fits more naturally as a traditional combo forward.
Toronto wouldn’t need to lean on him heavily or ask him to steal minutes from anyone else. He’d just give them another dependable option when the bench gets deeper into the game.
The one real concern is health. Highsmith had surgery last summer to repair a meniscus tear, and that issue kept him out for most of the 2025-26 season.
He appeared in only seven games for Phoenix. Still, he returned to full health, and if the price stays reasonable, he looks like the kind of low-risk, low-cost swing teams can justify.
A veteran minimum deal could be on the table for Toronto, even with the team’s financial limitations. The bigger question is whether another team comes in with a better offer. The Heat, 76ers, Warriors, Lakers, and Wolves all stand out as possible suitors, so the Raptors may have competition on their hands.
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