11:00pm: The deal is official, per RealGM’s transactions log.
9:31pm: The Raptors will sign forward Alex Antetokounmpo, the younger brother of Giannis Antetokounmpo, to an Exhibit 10 contract before the regular season begins next week, according to Blake Murphy of Sportsnet.ca (Twitter link).
The Greek newspaper Ethnos first reported last month that Antetokounmpo was expected to sign with Toronto.
As Murphy notes, the plan is for Antetokounmpo to be waived shortly after he signs. His Exhibit 10 deal would allow the Raptors to gain his affiliate rights and ensure he receives a bonus worth up to $50K for eventually joining the Raptors 905, Toronto’s G League team.
Antetokounmpo, 20, spent last season under contract in Spain with UCAM Murcia, then joined the Kings’ Summer League roster in August.