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Salary Cap Update: Toronto deals for Miles, Hamilton and McKinnie

With the Raptors trading Cory Joseph for C.J. Miles in a sign-and-trade from the Indiana Pacers, another domino fell, and then they kept on falling. Let’s take a look at the trade, where the team is now, and the big decision they need to make now.

The Raptors traded Joseph, who makes $7.63 million this season, to the Indiana Pacers for C.J. Miles, who is being signed to a $25 million, three year deal. That puts his first year salary (assuming full backloading) at $7.94 million. The Raptors only added about $0.