Raptors re-sign point guard Greivis Vasquez

Greivis Vasquez is sticking with the Raptors for the next two seasons. (Jack Boland/QMI...

Greivis Vasquez is sticking with the Raptors for the next two seasons. (Jack Boland/QMI Agency/Files)

RYAN WOLSTAT, QMI Agency

, Last Updated: 12:43 AM ET

TORONTO - It took a while, but the deal between backup point guard Greivis Vasquez and the Raptors was finally completed late Wednesday.

Vasquez got paid well -- $13 million U.S. over two seasons, according to Yahoo! Sports – after emerging as a key sparkplug down the stretch last season. Vasquez averaged 9.5 points and 3.7 assists as a Raptor, shooting 38.9% from three, including a stellar 44.8% in 30 games following the all-star break.

The Sun reported last Friday that a multi-year deal was close after sources said it was a lucrative offer and both sides were confident, but Vasquez and agent Arn Tellem were not ready to sign until the offer came up a little bit, which it did Wednesday.

The short term made the deal palatable for Toronto, since the team should still have considerable cap room the next two summers.

Also Wednesday, the NBA officially announced its salary cap numbers for the 2014-15 season.


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