The Toronto Raptors have re-acquired Kawhi Leonard from the Los Angeles Clippers, sending Brandon Ingram, Gradey Dick, unprotected first-round picks in 2031 and 2033, two second-round picks and a 2027 first-round swap the other way. The LA Clippers have agreed to trade All-NBA forward Kawhi Leonard to the Toronto Raptors for Brandon Ingram, Gradey Dick, unprotected first-round picks in 2031 and 2033, a 2027 first-round pick swap and two second-round picks, with the deal expected to close once Leonard signs a lucrative extension.
Toronto is trading five years of asset flexibility for a shot at the present, betting that a 35-year-old two-time Finals MVP with a lengthy injury history outproduces whatever those 2030s picks eventually become. It is the mirror image of the 2018 deal that built this era: last time the Raptors paid in players to win one championship fast, this time they are paying in future draft equity for a longer, less certain look at the same wager.