MLSE, owner of the Toronto Raptors, have hired a firm to search for a possible replacement for Bryan Colangelo.

The Raptors have until Monday to make a decision on whether to pick up their option on Colangelo's contract for the 13-14 season.

Kevin Pritchard and Troy Weaver are two names being mentioned as candidates to replace Colangelo, should the Raptors make a move.

Tim Leiweke became CEO of MLSE last month and will have final say on the Raptors' general manager position.