Russian powerhouse CSKA Moscow extended two-year €3 million offer to Raptors guard Nando de Colo, according to French reports.
— David Pick (@IAmDPick) July 5, 2014
The Raptors had tendered a qualifying offer of $1.8M to Nando De Colo, which you might have thought would be enough since the man is currently a borderline NBA player looking to stay on a roster. Things have shifted now that De Colo is being offered a €3 million deal by CSKA Moscow (Sonny Weems plays there), which works out to about $4.07M USD, and big tax breaks. The reported deal gives De Colo a higher amount over a longer period of time.
The Raptors are unlikely to offer De Colo more money upfront, given that they have higher priorities like signing a backup center. However, since they actually tendered a QO to him, there is definitely an interest in keeping him. To read more about the Raptors cap situation, check out Blake’s latest post on the matter. If De Colo signs with the Russian side, his cap hold equal to the amount of his qualifying offer will disappear from the cap and the Raptors will relinquish all rights.
With the Raptors last year, De Colo played 9 minutes per game and averaged 3.1 points, 1.3 rebounds, and 1.6 assists. He was acquired at the trade deadline for luckiest NBA champion, Austin Daye.
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