It's all one deal and it's bye bye Turk and Jose
In a complex transaction that’s still not finalized, the Raptors are shipping out Hedo Turkoglu, Jose Calderon and one other piece not yet confirmed and getting back Leandro Barbosa of the Phoenix Suns, Boris Diaw and possibly Tyson Chandler from the Charlotte Bobcats.
(It's been confirmed Chandler is coming and while no one's told me officially from the Raptors, looks like Reggie Evans is going; but the deal is not official and won't likely be until Tuesday)
League sources could not confirm the final pieces Monday morning but the Raptors will not have to touch the $14.5 million trade exception acquired last week in the Chris Bosh sign-and-trade transaction.
Colangelo originally drafted Barbosa with the Suns and has long been a fan of Diaw, a multi-purpose forward who can play a couple of positions. Chandler, who is in the last year of his contract, gives the Raptors another long athletic big man.
Turkoglu is destined for Phoenix, Calderon is headed to Charlotte and the league sources were unsure who the third piece leaving Toronto is and where he’s going.
The financial gains are significant.
Barbosa has two years and $14.7 million left on his current contract; Diaw has two years and $18 million remaining and Chandler will be paid $13.1 million this coming season.
Turkoglu still had four years and about $40 million left on his deal and Calderon has three years and almost $30 million left to go.
We'll get more as the day progresses.