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Five teams remain in the running to sign free-agent swingman Matt Barnes, according to sources with knowledge of Barnes’ thinking.
Toronto is still one of those teams, sources told ESPN.com, despite the collapse of a sign-and-trade deal with Orlando that Barnes thought would be completed by now.
One source close to process said early Wednesday that Barnes continues to weigh interest from the Raptors along with the Cleveland Cavaliers and three title contenders he has been negotiating with since last week: the Miami Heat, Boston Celtics and Los Angeles Lakers.
One of the most coveted free agents left on the open market, Barnes announced Monday night via his Twitter feed that he was headed to Toronto.
But that deal quickly unraveled when it became apparent that the limited sign-and-trade options available to Orlando — Barnes’ last team — would not allow for the contract that Barnes was anticipating.