Raptors trading Davion Mitchell to Heat for P.J. Tucker

The Raptors appear to be getting involved in the multi-team Jimmy Butler blockbuster after all.

Initially thought to be involved in the deal as a facilitator to take on Kyle Anderson, Toronto is instead acquiring veteran forward P.J. Tucker, who was being sent from Utah to Miami as part of the Butler trade, reports ESPN's Shams Charania.

According to Charania, the Raptors will also get a second-round pick and cash from the Heat in the swap, sending guard Davion Mitchell to Miami.

While Charania doesn’t explicitly say so, this agreement will likely be folded in the larger framework of the Butler trade, with Tucker going directly from the Jazz to Toronto in the multi-team deal.

It’s a financially motivated maneuver for the Heat, who will take on Mitchell’s $6.45M expiring contract instead of Tucker’s $11.54M expiring deal. That will allow them to duck below the first tax apron by about $1.96M, according to ESPN’s Bobby Marks, who adds that Miami remains above the luxury tax line by approximately $2.8M.

It remains to be seen if the Heat will hang onto Mitchell or if they have additional moves to come. The former ninth overall pick is a talented point-of-attack defense who has a limited offensive game. In 44 games (22 starts) for the Raptors this season, he averaged 6.3 points and 4.6 assists in 24.5 minutes per night, with a .434/.359/.676 shooting line.

Mitchell will be eligible for restricted free agency at season’s end, though he seems unlikely to receive a qualifying offer.

Tucker has some history in Toronto — he was drafted by the franchise in 2006 and spent his rookie season with the Raptors, then was traded back to the team in 2017. However, his third stint with the organization will likely be a brief one, as he’s a virtual lock to be bought out or released outright.

Toronto still had a fair amount of breathing room below the luxury tax line after agreeing to acquire Brandon Ingram from New Orleans, which is why the club is willing to accommodating a salary dump. The second-round pick and cash they’re getting in the deal incentivized the Raptors to swap out Mitchell for Tucker and his pricier contract.

The Raptors could use Mitchell’s salary for matching purposes to complete the trade or could utilize its untouched mid-level exception to absorb Tucker’s incoming salary. In the latter scenario, the team would create a new trade exception worth Mitchell’s outgoing $6.45M salary.