The Raptors continued to stay the course of preserving cap space and in building for the long-term by not making a trade that compromises that direction.

"Based on our current record, we are going to stand in a position to add another quality talent, possibily a top-five talent," said Colangelo.

"With the addition of (Jonas) Valanciunas, the addition of a new player we might select (in the draft), the flexibility that could net another player (in free agency) we feel very good about where we stand."