Raptors’ Svi Mykhailiuk exercises 2022-23 player option

Raptors guard Svi Mykhailiuk has exercised his player option for the 2022-23 season, reports Keith Smith of Spotrac (Twitter link). It’s a minimum-salary option that will pay Mykhailiuk $1,878,720.

Mykhailiuk, 25, signed with the Raptors last summer after spending his first three NBA seasons with the Lakers, Pistons and Thunder. He played a limited role in Toronto, averaging 4.6 PPG and 1.6 RPG with a career-worst .306 3PT% in 56 games (12.8 MPG) and falling out of the rotation by January.

The former Kansas Jayhawk showed an ability to knock down three-pointers more consistently during his first three years in the NBA, making 36.2% of his attempts from beyond the arc during that time.

Now that Mykhailiuk is locked in for next season, the Raptors have nine players on guaranteed salaries, plus Dalano Banton and Armoni Brooks on partial guarantees.

However, if Mykhailiuk isn’t in Toronto’s plans going forward, it’s possible he could be traded or even waived at some point this offseason. Given his modest cap hit, it shouldn’t be all that difficult to find a taker if the Raptors take that path.