How it helps: The new amnesty provision allows the Raptors to be players in this year's free-agent market if they want to be. If Nene or Tyson Chandler wants to come to Toronto, they could amnesty a player like Jose Calderon and get far enough under the cap to sign him.
If new rookie Jonas Valanciunas is as good as some NBA scouts think he can be, the Raptors will also have an easier time re-signing him in four years thanks to the new designated player rules.
How it hurts: The new CBA shouldn't have a significant negative impact on the Raptors right now. Of course, that says more about the state of limbo the team is currently in than it does about the new CBA.
Immediate impact (this season): Unless they use the amnesty clause, the Raptors won't really be players in this winter's abbreviated free-agency period. If they do, they can take a shot at a few talented free agents.
Long-term impact (future seasons): Assuming they hold on to their amnesty waiver until next summer (when they could also let Leandro Barbosa walk), the Raptors could be serious free-agent players in 2012 without having to gut their team.