POSTED: Jun 28, 2014 12:57 PM ET
The Toronto Raptors announced Saturday they have extended qualifying offers to restricted free agent guards Greivis Vasquez and Nando De Colo and forward Patrick Patterson. Per team policy, financial details were not disclosed.
In accordance with the league's collective bargaining agreement, in order for a team to retain its rights of first refusal with respect to a restricted free agent it must tender the player a qualifying offer prior to June 30. A restricted free agent may sign an offer sheet with any team, but is subject to a right of first refusal in favour of the team that extended the qualifying offer.
Vasquez and Patterson came to the Raptors on December 9, 2013 in a seven-player deal with Sacramento. De Colo joined the Raptors in a February 20 trade with San Antonio.
In 61 appearances with Toronto, Vasquez averaged 9.5 points, 3.7 assists and 21.5 minutes. He paced the Raptors in bench points in 25 contests. He added averages of 10.1 points and a team-best 5.1 assists in the club's playoff series against Brooklyn.
A first-round pick by Memphis in 2010, Vasquez has averaged 9.1 points, 2.6 rebounds and 24.0 minutes in 293 regular season games with Memphis, New Orleans, Sacramento and Toronto.
De Colo played in 21 outings with Toronto where he contributed 3.1 points, 1.6 assists and 9.2 minutes. A second-round pick by the Spurs in 2009, he has averaged 3.8 points, 1.7 assists and 11.9 minutes in 119 career games in his two NBA seasons with San Antonio and Toronto.
Patterson averaged 9.1 points, 5.1 rebounds and 23.3 minutes in 48 outings with the Raptors. In Toronto's playoff series versus Brooklyn he upped his averages to 10.4 points, 6.7 rebounds (second on the team) and 28.5 minutes. He was a perfect five-for-five from the floor and six-for-six from the free throw line en route to 16 points in Game Seven.
Patterson was selected in the first round by Houston in the 2010 NBA Draft. In 252 career games with Houston, Sacramento and Toronto he has averaged 8.4 points, 4.6 rebounds and 22.5 minutes.