AUGUST 7: The Raptors have officially signed Loyd to a two-way deal, the team announced today in a press release.
AUGUST 2: Jordan Loyd paid for his buyout with Darussafaka in the EuroLeague and is expected to sign a two-way contract with the Raptors, tweets Emiliano Carchia of Sportando.
An agreement with Loyd has been rumored for a couple of weeks, but the deadline for Toronto to help buy him out of his Turkish deal passed in mid-July, leaving Loyd to work out the arrangement on his own.
The 25-year-old guard played for the Raptors’ entry in the Las Vegas Summer League, averaging 8.3 PPG, 2.8 RPG and 2.8 APG in 17.3 minutes per contest, including a team-leading 17-point performance in the opener. He was used mainly at point guard in summer league play.
Loyd went undrafted out of Indianapolis in 2016 and spent a year with Fort Wayne in the G League before signing with Hapoel Eilat in Israel last season.
Once Loyd signs, the Raptors will still have a two-way slot open after moving Lorenzo Brown to the 15-man roster and withdrawing a qualifying offer for Malcolm Miller.