Raptors will trade Cory Joseph to Indiana for C.J. Miles: reports
Toronto agrees with Miles on a 3-year, $25 million US contract
Looking down the barrel of some significant luxury tax penalties, Toronto Raptors GM Masai Ujiri is moving swiftly to get below the tax line while keeping his team competitive in the wide-open Eastern Conference.
Ujiri pulled off his second trade in about 12 hours, landing C.J. Miles in a sign-and-trade with Indiana for Cory Joseph, three people with knowledge of the dealings told The Associated Press.
Toronto is finalizing a sign-and-trade with Indiana to move Cory Joseph for CJ Miles, league sources tell ESPN.
—@wojespnThe club agreed with Miles on a three-year, $25 million US contract. The 30-year-old is coming off one of the best seasons of his career. He shot 41 per cent from 3-point range and is an accomplished defender as well.
Sources: Toronto-Indiana deal is agreed in principle. Miles will sign a 3-year, approximately $25M deal with Raptors, with player option.
—@wojespnDealing Joseph opens up more time at point guard behind Lowry for emerging talent Delon Wright while giving the rebuilding Pacers an experienced ball-handler after losing Jeff Teague in free agency.
The Minnesota Timberwolves were also negotiating with Miles in a potential trade that would have sent Cole Aldrich to Indiana. But the Wolves refused to add Oklahoma City's lottery protected 2018 first-round pick they got from Utah in the trade for Ricky Rubio to make the deal palatable for the Pacers.
ESPN first reported the trades.