The Toronto Raptors will announce on Tuesday that Bryan Colangelo's tenure as chief decision-maker of basketball operations is over, but sources say he will remain with the franchise in a corporate role.

Colangelo has always been viewed as loyal to the organization and it appears as though new MLSE CEO Tim Leiweke and ownership will honor that.

Colangelo will coincidentally represent the Raptors at the lottery on Tuesday.

MLSE has hired a search firm to narrow a list of candidates, though Ed Stefanski will likely guide the front office until a new GM is hired.