Raps' Bosh cutting back

Toronto Raptors' Chris Bosh will join LeBron James and Dwyane Wade in signing three-year deals for...

Toronto Raptors' Chris Bosh will join LeBron James and Dwyane Wade in signing three-year deals for less money to cash in as unrestricted free agents in 2010. (Toronto Sun File/Greg Henkenhaf)

MIKE KOREEN -- Toronto Sun

, Last Updated: 8:09 AM ET

Chris Bosh is with the Raptors for the long term, but not the longest term.

Following an announcement today that the team has signed free agent forward/guard Anthony Parker of Maccabi Tel Aviv to a three-year deal, the Raptors likely will announce tomorrow they have locked up Bosh to a three-year deal plus a one-year player option.

The moratorium on being able to announce signings and extensions ended yesterday and Raptors president/general manager Bryan Colangelo said last week he expected all of his deals to be done by that time. But with a buyout looming for Parker and the new hitch in Bosh's contract, the team couldn't complete its work on Day 1.

While it was anticipated Bosh would sign a maximum five-year extension, worth about $80 million US, the Raptors' marquee player is joining other high-profile members of his draft class -- LeBron James of the Cleveland Cavaliers and Dwyane Wade of the Miami Heat -- in agreeing to a shorter deal.

By the summer of 2010, the draft class of '03 will all be seven-year veterans with the option of seeking a new contract as unrestricted free agents. They would be eligible to negotiate a maximum contract worth 30% of the salary cap.

If Bosh doesn't take the option, he will earn just less than $45 million with the soon-to-be-completed deal.

Agent Henry Thomas represents Wade and Bosh and has been in favour of the shortest term. He declined comment when asked about the Bosh deal yesterday.

The other player expected to sign with the Raptors -- forward Jorge Garbajosa of Spain -- likely will ink a contract in a matter of days.

The American-born Parker, meanwhile, underwent a physical yesterday in Toronto and will announce his signing (the contract is worth $3 million-$4 million annually) this morning at the Air Canada Centre. He has been the Euroleague's MVP the past two years and is expected to compete for a starting spot.

Raptors fans became familiar with Parker last October at the ACC when he hit a 15-foot fade- away with 0.8 seconds left to give Maccabi a stunning 105-103 pre-season win over Toronto.

"Together with a European (assistant) GM (Maurizio Gherardini) and other European players, (Parker) feels he can be a tremendous surprise to the NBA," Zeev Gross, Parker's Israeli agent, said last night. "He is excited."

Even with the signings of Garbajosa and Parker, the Raptors still will be under the salary cap and there is a possibility of adding another player. There were reports yesterday that restricted free-agent guard John Salmons of the Philadelphia 76ers was heading to the Phoenix Suns, but no official word has come down. The Raptors have expressed interest in Salmons.

Another player who has been linked to the Raptors -- Suns guard Eddie House -- remains a possibility.

"We're talking to them, but nothing has changed," Mark Bartelstein, House's agent, said. "There are ongoing conversations."

Another Bartelstein client, Detroit Pistons guard Tony Delk, also has talked with the Raptors.


Videos

Photos