The Raptors haven't ruled out re-signing Shawn Marion and what happens with him may dictate their entire free agency.

The Raptors will likely offer $21 million over three seasons.

"If it gets to the point where we're not comfortable with the proceedings [regarding Marion] I may use the space to go another way, either to acquire a player in a trade or by signing someone with the free-agent money," Bryan Colangelo said. "I have to be open-minded to that because if we're not getting anywhere with Shawn and there's not a deal we like in a sign-and-trade scenario then utilizing the money is certainly an option."

Colangelo would then have $10 million to spend and could potentially sign Hedo Turkoglu.