The Toronto Raptors have been granted the first meeting in free agency with DeMar DeRozan.

DeRozan will meet with the Raptors in Los Angeles on July 1st. DeRozan would like to re-sign with the Raptors.

DeRozan could meet with the Miami Heat, Dallas Mavericks, Philadelphia 76ers and Los Angeles Lakers if he's unable to agree upon terms with the Raptors.

DeRozan is a free agent for the first time in his career.

The Toronto Raptors have extended the qualifying offer to Nando De Colo.

The Raptors own De Colo's NBA rights.

De Colo played for CSKA last season and won Euroleague MVP.

The Toronto Raptors will have to trade away at least one big contract to have any hope of re-signing both DeMar DeRozan and Bismack Biyombo.

Toronto has approached the Philadelphia 76ers about sending out a rotation player such as Terrence Ross and other add-ons for Nerlens Noel. The thought is that Noel would be able to fill the backup center role that Biyombo played.

Noel is eligible for a contract extension this offseason and the 76ers have been trying to balance out their roster and their glut of centers.

Talks have yet to gain much traction to date.

Bismack Biyombo would like to re-sign with the Toronto Raptors in free agency and is prepared to be patient with them as they first work on DeMar DeRozan's contract.

The Raptors will have to use cap space to re-sign Biyombo as they signed him just last offseason after the Charlotte Hornets declined his qualifying offer.

Biyombo could earn as much as $17 million per season on the open market.

Toronto currently has approximately $69 million in guaranteed salary on their books.

DeMar DeRozan would prefer to re-sign with the Toronto Raptors in free agency, but he'll have a number of other opportunities available should they be unable to quickly agree upon a contract.

The Los Angeles Lakers, Los Angeles Clippers, Golden State Warriors, Miami Heat, New York Knicks and Orlando Magic also have interest in DeRozan.

The Raptors can offer DeRozan an extra season and as much as a five-year, $153 million contract.

DeRozan has been an All-Star in each of the past two seasons and will play for the United States in this summer's Olympics.

DeMar DeRozan doesn't plan on scheduling meetings with rival teams at the start of free agency as he focuses on re-signing with the Toronto Raptors.

"My mindset has always been Toronto," DeRozan told reporters the day after the Raptors were eliminated by the Cleveland Cavaliers. "I've always preached it. I was passionate about it when we were losing, when we were terrible. I said I was going to stick through this whole thing, and I want to be that guy who brings this organization to where it is now. I definitely don't want to switch that up after we win."

The Raptors can offer DeRozan a five-year maximum contract worth $153 million with the salary cap at a projected $94 million. Rival teams can offer him a four-year, $114 million deal.

The Toronto Raptors like Skal Labissiere with the ninth overall pick if none of the top-8 players fall to them.

Labissiere had an inconsistent freshman season at Kentucky but he was widely considered one of the top prospects in the draft class a year ago.

Labissiere failed to gain weight at Kentucky but is a skilled and versatile big.

The Raptors largely played Luis Scola and Patrick Patterson at power forward this past season.

DeMar DeRozan has committed to play for the United States in the 2016 Olympics.

DeRozan is a free agent this offseason after another All-Star season with the Toronto Raptors.

DeRozan played for the United States in the 2014 World Cup.

Kyle Lowry has accepted an invitation from USA Basketball to participate in the 2016 Olympics.

With Stephen Curry and Russell Westbrook not participating, a spot at point guard opened up for Lowry.

Andy Greer is leaving the Toronto Raptors to become the top assistant coach to Tom Thibodeau with the Minnesota Timberwolves.

Greer served under Thibodeau with the Chicago Bulls from 2010 until 2015. Greer spent just one season with the Raptors.

Greer's long previous stint before the Bulls was his run under Jeff Van Gundy with the Houston Rockets.