According to sources in Toronto, Raptors management is ?excited and optimistic? that Bryan Colangelo will soon become their team?s next president and general manager.

An aggreement could be in place as soon as Friday ? but Suns managing partner Robert Sarver says he will attempt to keep Colangelo in Phoenix.

Two sources said when Colangelo first told Sarver of Toronto?s interest, the Suns owner lost his temper and told Colangelo to get out of his office. Later, the sources said, Sarver told Colangelo he wasn?t interested in a contract extension and granted Colangelo?s request to talk to the Raptors.

Steve Kerr has been the most common name thrown out as a logical replacement, but it appears that the former sharpshooter isn't interested in the position.