Pacers and Raptors complete blockbuster Pascal Siakam trade

Pacers and Raptors complete blockbuster Pascal Siakam trade

Update on Wednesday: The Feb. 8 NBA trade deadline may still several weeks away, but that hasn’t stopped the Toronto Raptors from getting active in overhauling their roster. Just over two weeks after sending O.G. Anunoby to the New York Knicks, Toronto is now reportedly shipping Pascal Siakam to the Indiana Pacers.

Adrian Wojnarowski of ESPN broke the news of the finalized deal and package that Indiana will be sending out for the former All-Star:

Shams Charania and Sam Amick of The Athletic originally reported on Tuesday night that the Raptors and Pacers were in “active talks” on a deal that would send Siakam — a mainstay in the rumor mill for several seasons now — to Indiana in exchange for three first-round picks:

According to Yahoo Sports NBA insider Jake Fischer, the talks were so far along that it left “several parties familiar with the negotiations surprised no agreement or finality came before games began that evening.”

Now, the deal is done.

What draft picks will the Pacers send to Toronto?

Shortly after breaking the news of the deal, Woj reported which draft picks the Pacers will be flipping to the Raptors in the deal:

In the asset cupboard before this trade for Indiana was the aforementioned 2024 first-round pick from the Oklahoma City Thunder, Houston Rockets, L.A. Clippers or Utah Jazz (it’s an extremely complicated swap, the details of which can be read about here). As J.D. Quirante notes at Raptors HQ, it’s likely to be the Thunder’s first-round pick, currently slated to fall 27th overall in the upcoming draft. The Pacers also had their own 2024, 2025, 2026, 2027, 2028, 2029 and 2030 picks, meaning they had a bit of a pick surplus to use on moves like this as they continue to build around ascending star Tyrese Halliburton.

According to Tony East of Sports Illustrated and Locked on Pacers, Indiana put protections on both of its own picks in the deal:

Even with that treasure trove of picks and those protections in mind, it’s still a steep price to pay for Siakam, who can be an unrestricted free agent at the end of the season. However, as a non-glamor destination and smaller market, Indiana may feel that’s what they have to do to get a running mate for Halliburton who can help them win now.

And while we would obviously never suggest that tampering happens in the NBA, it would seem likely that Siakam’s reps at Life Sports Agency (who also rep Pacers guard Andrew Nembhard) have some sort of understanding with Indiana about Siakam’s future if the Pacers are willing to pay such a hefty price in draft capital to bring him in for half a season.

Charania indicated as much in a Wednesday morning media appearance:

And to that point, his agents certainly seem excited about the move, releasing a statement to Marc J. Spears of ESPN as Woj adds that Siakam is “expected to be eager” to work on a new contract with Indiana:

For the Raptors, this deal firmly cements their retool for the future around Scottie Barnes and Immanuel Quickley moving forward, and — as noted by NBA cap expert Yossi Gozlan — also potentially allows them to keep the top-six protected first-round pick they sent to the San Antonio Spurs last year for Jakob Poeltl:

That’s a semi-humorous about-face for Toronto, as Chelsea Leite of Raptors HQ notes, because just a year ago the Raptors were justifying trading their own (protected) 2024 pick in part because they thought it was a weak draft.

But a 15-25 start prompted a reality check for Toronto, and after now shipping out Anunoby and Siakam for picks and young players to rebuild with, only Chris Boucher remains from the team’s 2019 championship roster.

This breaking news story may be updated with more information and analysis as it continues to develop. For more on the Raptors’ perspective on this move, check out Raptors HQ.

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