Raps working on huge deal

Jose Calderon could be one part of a blockbuster deal involving the Raps. (QMI Agency/Craig...

Jose Calderon could be one part of a blockbuster deal involving the Raps. (QMI Agency/Craig Robertson)

RYAN WOLSTAT, QMI Agency

, Last Updated: 3:36 PM ET

TORONTO -- Say this for Bryan Colangelo, he might make the odd mess, but he cleans up very well.

The Raptors general manager is on the verge of removing his two ugliest contracts from the books, though nothing is yet official.

The Arizona Republic first reported late Sunday that Hedo Turkoglu would be heading to Phoenix in exchange for guard Leandro Barbosa and that Charlotte forward Boris Diaw would also be Toronto-bound, but it was a far more advanced transaction than that.

The Raptors will also ship its longest-serving member, Jose Calderon, along with Reggie Evans for centre Tyson Chandler.

The Raptors take back almost $5 million US extra right away in the deals than they send out, but the numbers work under the CBA and they save substantially long-term.

Evans’ contract expires next summer, like Chandler’s, but Turkoglu and Calderon were owed more than $73 million (four years left for Turkoglu, three for Calderon). Diaw makes $9 million both this season and next, while Barbosa is owed $7.1 and $7.6 million.

The arrival of Chandler and Diaw would create a logjam up front. They are both capable of playing centre, which would push Andrea Bargnani – now the longest tenured Raptor – to his natural power forward spot, but that would cut the minutes available to play Amir Johnson and promising rookie Ed Davis.

Chandler has been hampered by injuries for several years, but maintains his bothersome toe is fully healed. He confirmed his move to Toronto to Yahoo! Sports, while Steve Nash confirmed Barbosa's Phoenix exit via Twitter.

Barbosa is a shooting guard with the size of a point guard, but is not capable of running a team effectively.


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