Quote CalgaryRapsFan wrote: View Post
Had DeRozan not been extended by Oct.31, he would have become a Restricted Free Agent in the offseason, not an Unrestricted Free Agent. The Raptors would have had a $4.5M cap hold, would have been able to match any offer DeRozan received from other teams and would still maintain his 'Bird rights'. The Oct.31 deadline wasn't the deadline to sign/renounce expiring contracts, it was just the in-season deadline to extend players specifically from the '09 draft class.
A $4.5M qualifying offer.

An $8.4M cap hold.