The Toronto Raptors are a Canadian professional basketball team based in Toronto. The Raptors compete in the National Basketball Association (NBA) as a member of the Atlantic Division of the Eastern Conference. The team plays its home games at Scotiabank Arena, which it shares with the Toronto Maple Leafs of the National Hockey League (NHL). The team was founded in 1995 as part of the NBA's expansion into Canada, along with the Vancouver Grizzlies. Since the 2001–02 season, the Raptors have been the only Canadian team in the league, as the Grizzlies relocated from Vancouver to Memphis, Tennessee. As with most expansion teams, the Raptors struggled in their early years, but after the acquisition of Vince Carter through a draft-day trade in 1998, the franchise set league-attendance records and made the NBA playoffs in 2000, 2001, and 2002. Carter was instrumental in leading the team to their first playoff series win in 2001, where they advanced to the Eastern Conference semifinals. During the 2002–03 and 2003–04 seasons, they failed to make significant progress, and Carter was traded in 2004 to the New Jersey Nets. After Carter's departure, Chris Bosh emerged as the team leader. For the 2006–07 season, Bryan Colangelo was appointed as general manager, and through a combination of Bosh, 2006 first overall draft pick Andrea Bargnani, and a revamp of the roster, the Raptors qualified for their first playoff berth in five years, capturing the Atlantic Division title. In the 2007–08 season, they also advanced to the playoffs but failed to reach the postseason in each of the next five seasons. Colangelo overhauled the team's roster for the 2009–10 season in a bid to persuade pending free agent Bosh to stay, but Bosh departed to sign with the Miami Heat in July 2010, ushering in yet another era of rebuilding for the Raptors. Masai Ujiri replaced Colangelo in 2013 and helped herald a new era of success, led by a backcourt duo of DeMar DeRozan and Kyle Lowry. The Raptors returned to the playoffs the following year and became a consistent playoff team in every year of Ujiri's tenure. Under Ujiri, the team also won five Division titles and registered their most successful regular season in 2018. However, the team's failure to reach the NBA Finals prompted Ujiri to fire head coach Dwane Casey after the 2018 playoffs concluded and to trade DeRozan for Kawhi Leonard and Danny Green later that summer, as well as to acquire Marc Gasol before the trade deadline. Toronto also saw the break-out of Pascal Siakam, the 27th overall pick in the 2016 NBA draft, who won the NBA Most Improved Player that year. In the 2019 playoffs, the Raptors won their first Eastern Conference title and advanced to their first NBA Finals, where they won their first NBA championship. After the Raptors won their first championship, Leonard left in free agency. After Lowry's departure via trade in 2021, Siakam became the face of the franchise until 2024 when Siakam was traded to the Indiana Pacers, leaving Scottie Barnes as the new face of the franchise.
History
Background On November 1, 1946, the Toronto Huskies hosted the New York Knickerbockers at Maple Leaf Gardens in Toronto, in what was the first game played in NBA history (as the Basketball Association of America). However, the Huskies folded after the initial 1946–47 season. Toronto did not host another NBA game until the 1970s, when the Buffalo Braves (predecessor to the Los Angeles Clippers) played a total of 16 regular season games at Maple Leaf Gardens from 1971 to 1975. Interest to move or expand an NBA franchise to Toronto grew during the late-1980s; with former NBA commissioner David Stern later describing the expansion to Toronto as a "safe step", given the market size and the likelihood of success in the city. The NBA organized two exhibition games in 1989 and 1992 with an attendance of over 25,000 people each, both in the newly built SkyDome. The NBA began to seriously consider expansion into Toronto after they received an unsolicited application fee from the Palestra Group, headed by Larry Tanenbaum. The Palestra Group was one of several seeking an NBA franchise, with Professional Basketball Franchise (Canada) Inc. (PBF) formally submitting an application for a Toronto-based team on April 23, 1993. Later that year, in July, the NBA Expansion Committee visited various existing and proposed stadium sites along with the bid contenders. On September 30, 1993, the committee recommended conditionally awarding PBF the franchise.
Creation The team was formalized on November 4, 1993, when the NBA Board of Governors endorsed the decision of Expansion Committee and awarded its 28th franchise to a group headed by Toronto businessman John Bitove for a then-record expansion fee of US$125 million. Bitove and Allan Slaight of Slaight Communications each owned 44 per cent, with the Bank of Nova Scotia (10 per cent), David Peterson (1 per cent), and Phil Granovsky (1 per cent) being minority partners. Wagering on NBA games in Ontario nearly cost Toronto the expansion franchise, due to strict league rules at the time that prohibited gambling. However, an agreement was reached whereby the Ontario Lottery and Gaming Corporation (OLG), which is the provincial lottery corporation that regulates gambling in Ontario, agreed to stop offering wagering on all NBA games in exchange for a donation by the Raptors of $5 million in its first three years and $1 million annually afterwards to its charitable foundation to compensate OLG for its loss of revenue. The Raptors, along with the Vancouver Grizzlies, played their first game on November 3, 1995.
… excerpt ends here. Continue reading the full article.
