Raptors reach deal with Turkoglu

Michael Grange

In a sudden rush at the end of a frenzied week, the Toronto Raptors have remade their roster and signed free-agent forward Hedo Turkoglu, The Globe and Mail has confirmed.The versatile Orlando Magic forward appeared poised to sign with the Portland Trail Blazers until a late bid by the Raptors — in excess of $50-million over five seasons for the 30 year-old — caused the change of heart, even as Turkoglu was in Portland visiting with the Trail Blazers.

Turkoglu had agreed on a five-year, $50-million (all currency U.S.) deal with the Blazers, but will sign with the Raptors for more than $10-million a season. Signing Turkoglu means the Raptors will have to renounce their rights to their existing free agents – Shawn Marion, Carlos Delfino and Anthony Parker – to create the cap space for Turkoglu

http://www.theglobeandmail.com/sports/basketball/raptors-reach-deal-with-turkoglu/article1206439/

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