Raptors and Clippers in Advanced Talks to Trade Kawhi Leonard

The Los Angeles Clippers and Toronto Raptors are engaged in serious negotiations to move Kawhi Leonard back to Toronto. Leonard, who has one season left on a $50.3 million contract, has indicated he would sign a two‑year extension worth up to $123.7 million with the Raptors if the trade proceeds. Reports describe a proposed package centered on Brandon Ingram, with additional pieces such as Gradey Dick and multiple future first‑round draft picks, though the exact draft compensation remains under discussion.

The trade conversation has expanded to include other NBA clubs. The Dallas Mavericks have been linked to a deal involving Jalen Green or a package that could contain PJ Washington and Klay Thompson, while the San Antonio Spurs have surfaced as a possible destination if Leonard were to sign an extension there. Amid the speculation, the NBA is investigating the Clippers’ salary‑cap compliance after a sponsorship arrangement with the banking firm Aspiration allegedly circumvented standard payroll rules.

If completed, the move would reunite Leonard with the franchise that awarded him his first NBA championship in 2019, while providing the Clippers with young talent, draft assets, and cap flexibility. The timing is uncertain, but insiders suggest the teams have agreed on the core pieces and could finalize the trade as soon as the free‑agency period opens.