Another update summarizing all the moves so far.
Here is how the transaction record seems to be going for the Raptors this free agency period.
Starting point: No cap space, multiple free agents with cap holds.
Waive all free agent cap holds and TPE's (keep de Colo's rights), waive Luke Ridnour: Open up $23.7 million in cap room.
Sign Luis Scola: Cap space drops to $0.7 million ($689,666 to be precise).
That's where the Raptors sit now. There is still Bismack Biyombo to sign with the Room MLE.