The Toronto Raptors and Los Angeles Clippers are closing in on a deal that would send two-time NBA Finals MVP Kawhi Leonard back to Toronto, according to league sources. The trade, which could be finalized as early as this week, would mark a stunning reunion between Leonard and the franchise where he led the team to its first championship in 2019.
Details of the Proposed Trade
While exact terms remain under negotiation, sources indicate the Clippers would receive a package centered on multiple future first-round draft picks and expiring contracts. The Raptors, who have maintained cap flexibility, would absorb Leonard's remaining salary of approximately $48.7 million for the 2026-27 season. Leonard, 35, has a player option for 2027-28 worth $52.4 million.
According to TSN basketball insider Josh Lewenberg, the Raptors have been quietly working on this deal for weeks. “Toronto has the assets and the willingness to bring Leonard back,” Lewenberg said. “It's a bold move that signals they believe they can contend immediately.”
Leonard's Legacy in Toronto
Leonard spent only one season with the Raptors, 2018-19, but it was historic. He averaged 26.6 points, 7.3 rebounds, and 3.3 assists per game in the regular season, then elevated his play in the playoffs, leading Toronto past the Philadelphia 76ers, Milwaukee Bucks, and Golden State Warriors to capture the NBA title. He was named Finals MVP after averaging 28.5 points and 9.8 rebounds in the six-game series.
The Raptors have not advanced past the second round since Leonard's departure in 2019 free agency. They have rebuilt around young core players like Scottie Barnes and RJ Barrett, but have lacked a superstar to push them back into championship contention.
Clippers' Motivation
The Clippers, who have missed the playoffs in consecutive seasons, are looking to reset their roster. Leonard has been hampered by injuries, playing only 41 games in 2025-26 and averaging 19.4 points, 5.1 rebounds, and 3.7 assists. Team president Lawrence Frank has indicated a desire to build around younger talent, making Leonard's large contract expendable.
“This move gives us flexibility and future assets,” a Clippers front office source said. “We thank Kawhi for his contributions and wish him well.”
Impact on the Eastern Conference
The trade would immediately reshape the Eastern Conference landscape. The Raptors, currently projected as a play-in team, would vault into contention alongside the Boston Celtics, Milwaukee Bucks, and Philadelphia 76ers. Leonard's two-way ability and playoff experience could be the difference in a tight conference race.
However, questions remain about Leonard's durability. He has missed significant time in each of the past three seasons due to knee issues. The Raptors' medical staff, renowned for load management during his first stint, would need to carefully manage his workload.
Reaction from Fans and Players
News of the potential deal has electrified Toronto. Raptors fan groups on social media are celebrating the possibility of a Leonard return. “Bring him home,” one fan wrote on X. “We never should have let him leave.”
Current Raptors players have also expressed excitement. Barnes, the team's All-Star forward, told reporters, “If Kawhi comes back, that's huge. I've learned so much from watching his game. He's a legend.”
The trade is expected to be announced once final details are ironed out, likely before the July 4 holiday weekend. The Raptors will hold a press conference if the deal is completed.
