The Raptors remain interested in trading Andrea Bargnani, according to president Bryan Colangelo.
MLSE CEO Tim Leiweke said Bryan Colangelo will stay with the Raptors as team president, but he will not be general manager.
Denver GM Masai Ujiri and Raptors vice-president of basketball operations Ed Stefanski are two candidates to assume control of basketball-related decisions for the Raptors.
Updating a previous item, Bryan Colangelo will remain at MLSE in a "corporate" role in a non-basketball capacity.
Updating a previous item, Bryan Colangelo could return to the Raptors in a "significant capacity," but may be removed as general manager.
Bryan Colangelo's fate as Raptors GM is expected to be decided on Monday, and "barring a stunning turn of events, it is expected" that he will be fired.
Aaron Gray exercised the $2.6 million player option in his contract, according to beat writer Josh Lewenberg.
Linas Kleiza reportedly exercised the $4.6 million player option in his contract, according to beat writer Josh Lewenberg.
The Raptors are targeting Nuggets general manager Masai Ujiri to run their basketball operations, league sources told Adrian Wojnarowski of Yahoo! Sports.
Maple League Sports & Entertainment has until Monday to decide whether to pick up the option on GM Bryan Colangelo's contract, league sources told the Toronto Star.
The Raptors may be "leaning toward" replacing GM Bryan Colangelo, according to the National Post.
The Raptors are expected to pick up the final year on GM Bryan Colangelo's contract, with an official announcement coming as early as Monday.
The Raptors are expected to retain coach Dwane Casey this summer, though his staff may change in the coming weeks.
GM Bryan Colangelo's fate with the Raptors is expected to be decided "soon," according to the Toronto Sun.
Jonas Valanciunas will play in the 2013 EuroBasket tournament.