Raptors sign two-time Euroleague MVP Parker

7/13/2006 - NBA Toronto Raptors

TORONTO -- The Toronto Raptors signed free-agent swingman
Anthony Parker to a three-year, $12 million contract on Thursday.

Parker returns to the NBA after playing six seasons overseas,
including the last two where he was Euroleague MVP for Israel's
Maccabi Tel Aviv.

The 6-foot-6 Parker averaged 2.4 points and 1.0 rebounds in 55
career games for Philadelphia and Orlando after being drafted in

"I'm 31 years old but I have the drive of a much younger
player," Parker said. "I think I have something to prove."

Parker didn't have much of an opportunity in Philadelphia
because he played behind Allen Iverson, Aaron McKie, Jerry
Stackhouse, Jim Jackson and Larry Hughes.

He averaged 13.6 points and 4.8 rebounds in his Israeli league

General manager Bryan Colangelo said Parker and Morris Peterson
will play both shooting guard and small forward. The Raptors didn't
re-sign free agent Mike James.

Colangelo strongly suggested that All-Star forward Chris Bosh
will sign an extension on Friday. Henry Thomas, Bosh's agent,
declined to comment on the length of the deal, but Colangelo
suggested he'll sign a deal similar to LeBron James and Dwyane

James and Wade could have chosen five-year deals, but they went
for three years with an option for a fourth -- and the chance to
become free agents sooner and potentially make even more money.

Thomas is also Wade's agent.

"It's probably the right and prudent thing to do on their
end," Colangelo said. "I'm just very thrilled and happy to say
that Chris intends to re-sign here."