League sources indicated early Thursday that the Raptors are contemplating an offer to restricted free agent David Lee.

Any offer to Lee, by definition, would be in the $8-$10 million range and would test the Knicks in terms of their willingness to match a hefty offer.

Toronto is still considering whether or not to attempt to beat Portland's offer for Hedo Turkoglu.

Via CBSSports.com

Toronto Raptors, New York Knicks

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