5:01pm: Loyd has reached an agreement to play overseas with Valencia Basket, Emiliano Carchia of Sportando tweets.
Loyd was one of the team’s two-way players. He appeared in 12 games last season, averaging 2.4 PPG in 4.6 MPG. Loyd, 26, excelled at the G League level last season, making the NBAGL First Team.
Loyd, who went undrafted in 2016 out of Furman, averaged 22.5 PPG, 5.8 RPG, 6.0 APG and 1.8 SPG in 41 games for Raptors 905.
Toronto reduced its roster count to 19 players with the move and both of its two-way slots are now open. Murphy speculates that Loyd received a big overseas offer and the franchise didn’t want to hold him back (Twitter link). The parting was a mutual decision, Josh Lewenberg of TSN Sports tweets.