Jamaal Magloire has agreed to terms with the Toronto Raptors, according to a source.

Magloire, the Toronto native about to enter his 12th NBA season, would be coming on a one-year, veteran minimum deal worth slightly more than $1 million a season as Bryan Colangelo tries to maintain financial flexibility for the summer of 2012.

Magloire would become the Raptors’ first Canadian-born player.