In reading the link from Axel's post on SI.com Point Forward OffSeason Grades: Toronto Raptors, this statement was found within:

Toronto isnít a recognizably better team than it was at the end of last season. A full year of Gay and more playing time for Valanciunas should help swing the Raptors into the playoff picture, but even that isnít an offseason development so much as a natural evolution.

So what do you think? Is Toronto a better team than it was at the end of last season?