Raps are free to sign Jonas now with a agreement being reached according to reports

Valanciunas was on a three-year contract with Rytas in Lithuania but with the buyout will now be free to join the Raptors following next season.

Colangelo, as per the Raptors team policy, would not discuss the terms of the buyout but DraftExpress, a website that specializes in the draft and has a strong European presence, reported the buyout was worth $2.4 million US. Under NBA rules each NBA team is allowed to contribute a maximum of $500,000 toward a buyout with the player or his representatives responsible for anything over and above that.