7:03pm: The signing is official, according to a team press release.
2:29pm: The Raptors have agreed to a new deal with restricted free agent guard Patrick McCaw, reports Blake Murphy of The Athletic (via Twitter). A source tells Murphy that it will be a two-year contract.
Restricted free agency moved much quicker for McCaw this time around than it did last year, when he was a Warriors RFA and remained unsigned until December 28. The 23-year-old signed an offer sheet with the Cavaliers, but they waived him about a week later – before that deal became fully guaranteed – and he subsequently caught on with the Raptors.
In 26 regular season games for Toronto, McCaw averaged 2.7 PPG and 1.7 RPG in 13.2 minutes per contest. He played limited minutes in 11 postseason games for the Raptors, winning his third title in his third NBA season.
Their new deal with McCaw continues an offseason trend for the Raptors, who seem to be prioritizing wing defense after losing Kawhi Leonard and Danny Green. McCaw, Stanley Johnson, and Rondae Hollis-Jefferson aren’t reliable outside shooters, but they can all guard perimeter players effectively. Matt Thomas is the lone shooter the Raptors have agreed to sign this summer.