Tuesday July 1 2008 – 2:20pm Eastern

Though the Raptors organization cannot officially confirm this deal until next week – when the NBA lifts it’s moratorium on signings and trades – Jose Calderon has officially re-signed with Toronto.

Calderon posted this message on his personal website ( www.josemanuelcalderon.com ) earlier today:

“Early this morning, through my agents, I reached a preliminary agreement with the Toronto Raptors. I want to thank Bryan Colangelo, Maurizio Gherardini, Sam Mitchell and all of the Raptors family for the confidence that they have placed in me. I am sure that together we are going to achieve big things in the future.”

With Calderon locked up – probably for $7-$8 million per year on a 4-5 year deal (my own guesstimation) – the future is looking brighter for the Raps with the Spanish guard in place and the 1-2 punch of Chris Bosh and Jermaine O’Neal up front.

E. Smith

NOTE:  I’m off to Hamilton now to check out Canada / New Zealand at McMaster University.  4:00pm tip off

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