Greivis Vasquez is re-signing with the Toronto Raptors for $13 million over two years, according to Adrian Wojnarowksi of Yahoo! Sports. Vasquez was acquired in the Rudy Gay trade midway through last season and was a valuable contributor off the bench.
Vasquez, who turns 28 in January, broke out during the 2012-13 season with the New Orleans Pelicans when he averaged 13.9 points and nine assists per game in 78 starts. He was dealt to Sacramento the following offseason in the three-team trade that brought Tyreke Evans to New Orleans. Vasquez would average 9.8 points and 5.3 assists in Sacramento before being traded to Toronto as part of a package for Gay.
In Toronto, Vasquez will come off the bench to provide support for Terrence Ross, DeMar DeRozan and Kyle Lowry. Vasquez averaged 9.5 points and 3.7 assists across 61 games for the Raptors last season. He also proved to be a valuable contributor in the playoffs, scoring 18 points in Game 1 against the Nets and 15 points in Game 5.