Raptors sign free agent Schroder on $26 million contract: report
The Toronto Raptors appear to have found their next guard.
According to ESPN’s Adrian Wojnarowski, the Raptors have signed Dennis Schroder on a two-year deal worth $26 million.
Free agent G Dennis Schroder has agreed to a two-year, $26M deal with the Toronto Raptors, agent Mark Bartelstein of @PrioritySports tells ESPN.
— Adrian Wojnarowski (@wojespn) July 1, 2023
Schroder averaged 12.6 points, 4.5 assists and 2.5 rebounds in 66 games this season with the Los Angeles Lakers. He made $2.6 million last year while with the Lakers, after playing on both the Boston Celtics and Houston Rockets in 2021-22.
The move comes on the heels of Wojnarowski reporting that that the veteran point guard Fred VanVleet had signed with the Houston Rockets to a massive deal worth $130 million over three seasons.
Free agent G Fred VanVleet has agreed on a three-year, $130 million contract with the Houston Rockets, @KlutchSports CEO Rich Paul and agent Erika Ruiz tell ESPN. Rockets land ex-Raptors All-Star in his prime at 29 years old. pic.twitter.com/B6WwPmLYq1
— Adrian Wojnarowski (@wojespn) July 1, 2023
Earlier in the day, Wojnarowski had also reported that the 7-foot-1 Toronto veteran centre Jakob Poeltl has re-signed with the Raptors on a four-year contract worth $80 million.
Toronto also seems to be parting ways with Dalano Banton, after the Raptors chose not to submit a qualifying offer for the Toronto-born point guard after two seasons with the team.
Toronto is looking to improve on last year’s season, where they finished 41-41 and missed the playoffs while falling to the Chicago Bulls in the play-in tournament.
More to come…