The Toronto Raptors have signed forward Serge Ibaka to a three-year, $65 million contract.
Earlier, the Raptors missed out on re-signing forward P.J. Tucker, who agreed to a four-year, $32 million contract with the Houston Rockets.
The team was in trade talks with the Indiana Pacers involving point guard Cory Joseph, in an effort to increase cap space. Joseph is owed $7.6 million next season.
The 27-year-old big man averaged 14 points and seven rebounds for the Raptors after he was acquired at last year’s trade deadline, in a deal that sent Terrence Ross to the Orlando Magic.
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