After signing Sviatoslav Mykhailiuk to a two-year contract earlier this week, the Raptors find themselves right up against their $143MM hard cap for the 2021/22 season, notes ESPN’s Bobby Marks (Twitter link).
Although the Raptors only have about $133.5MM in guaranteed money on their books, the team is just $155K below the hard cap due to all the non-guaranteed money on its books, along with Gary Trent Jr.‘s incentives and Nando De Colo‘s qualifying offer, according to Marks.
While Toronto’s financial situation is worth noting, it shouldn’t hamstring the team’s flexibility this fall. The Raptors could still add a 20th man to their training camp roster by signing a player to an Exhibit 10 contract, since those deals don’t count toward the hard cap. And once the team starts making cuts to get down to the 15-man regular season limit, it will create some additional breathing room below the hard cap.