The Toronto Raptors announced they have extended qualifying offers to restricted free agents Greivis Vasquez, Patrick Patterson and Nando De Colo on Saturday. This enables the Raptors to retain their rights of first refusal if any of these players were to sign an offer sheet with another team.
Vasquez and Patterson were acquired by the Raptors on December 9, 2013 from Sacramento. De Colo joined the Raptors from San Antonio in February.
A first-round draft pick by Memphis in 2010, Vasquez averaged 9.5 points, 3.7 assists and 21.5 minutes in 61 appearances with Toronto last year. He has played in 293 regular season games with Memphis, New Orleans, Sacramento and Toronto.
Patterson was drafted by Houston in the 2010 and has played 252 career games with Houston, Sacramento and Toronto. He averaged 9.1 points, 5.1 rebounds and 23.3 minutes in 48 games with the Raptors.
De Colo saw limited action in Toronto playing in 21 games and averaging 3.1 points, 1.6 assists and 9.2 minutes. He was a second-round pick by the Spurs in 2009.
Teams do not disclose financial information about qualifying offers.
Basketball Insiders indicates the qualifying offers are as follows: Vasquez $3.2 million, Patterson $4.3 million and De Colo $1.8 million.