The Toronto Raptors are exploring trade scenarios involving Jonas Valanciunas and the No. 23 overall pick.

Valanciunas signed a four-year, $64 million extension with the Raptors in 2015.

The need for a center of Valanciunas' skill-set has become less critical over the past couple of seasons.

Toronto has key decisions to make this offseason on the free agencies of Kyle Lowry, Serge Ibaka, Patrick Patterson and P.J. Tucker.