To date, the most prominent team to come forward with a proposal has been the Los Angeles Lakers, with their subsequent discussions seemingly not progressing.
Earlier in the week, Tim Bontemps of the Washington Post reported that the Toronto Raptors are gaining momentum as a potential Leonard suitor. The Raptors seem to be on the verge of a rebuild just two to three years out, and may not be as concerned about that as other organizations, perhaps making them willing to take the risk of overpaying for a rental in order to try to convince him to stick around. The Raptors have five straight years of 48-plus wins and no NBA Finals appearances, culminating this past season with a second-round sweep at the hands of the Cleveland Cavaliers as the East's No.1 seed. It would most likely begin with DeMar DeRozan, the Raptors wing who fits best to fill out the salary of the trade, and at 28, the All-NBA wing could be seen as a player who can help the Spurs remain relevant. Boston? Philadelphia? Somewhere else in the Eastern Conference? A trade between Toronto and San Antonio is starting to seem possible.
It may not be ideal for the Spurs, but it's one that would get the deal done. When healthy, he is arguably the best two-way player in the game. If DeRozan exercises his player option in 2020, he'll make more than $83 million over the next three seasons.
There doesn't seem to be a flawless offer out there for the Spurs, at least not at the moment.
San Antonio is expected to trade Leonard at some point, but they could hold out for a few months as they look to get a desirable offer. All in all, it's not a bad deal and not a robbery by any means. And another turn was added on Thursday when OddsShark declared the Toronto Raptors as even-money favorites to land the services of the Spurs superstar for the upcoming season.