Raptors sign two-time Euroleague MVP Parker

Updated: July 13, 2006, 1:35 PM ET
Associated Press

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

Anthony Parker
Fernando Medina/NBAE/Getty ImagesAnthony Parker, seen here playing for Maccabi Tel Aviv, is returning to the NBA after six seasons in Europe, where he was twice named Euroleague MVP.

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 1997.

"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 career.

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 Wade.

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."

Copyright 2006 by The Associated Press