The Los Angeles Clippers are trading Kawhi Leonard back to the Toronto Raptors, according to ESPN. This significant deal reunites Leonard with the team where he won the 2019 championship and Finals MVP. After leaving Toronto to sign a free-agent deal with the Clippers, Leonard's return marks one of the biggest trades of the offseason.

The return package for the Clippers includes:

• Brandon Ingram
• Gradey Dick
• Two first-round picks
• One pick swap
• Two second-round picks

Leonard's tenure in Los Angeles saw some of the highest moments in franchise history, including a historic Western Conference Finals appearance, although it ultimately ended in disappointment. Leonard missed that series due to a torn ACL suffered against the Utah Jazz.

Additionally, the NBA is investigating whether the Clippers circumvented the salary cap with a sponsorship agreement involving Leonard and Aspiration. The Clippers have maintained their innocence amid these allegations.

After struggling with injuries, Leonard has shown a return to All-NBA form over the past two seasons. However, as the Clippers traded James Harden and Ivica Zubac to initiate a youth movement, a trade for Leonard began to seem inevitable. With an expiring contract, Leonard had control over his destination, reportedly preferring to extend with the Raptors or the San Antonio Spurs.

Since Leonard's departure, the Raptors have rebuilt entirely, with no players from the 2019 championship team remaining. However, current Raptors general manager Bobby Webster, who was part of the front office that built the champions, has crafted a surprisingly successful roster. The Raptors won 46 games in the 2025-26 season, securing the No. 5 seed in the Eastern Conference. With Scottie Barnes emerging as a star, the Raptors aim to reclaim their status in the East.

Following Leonard's acquisition, Toronto now boasts the fourth-best odds to win the Eastern Conference next season, according to FanDuel.