Will Cherry has agreed to a two-year contract with the Toronto Raptors worth the NBA's veteran minumum, according to a source.

Cherry averaged 11.6 points, 4.5 assists, 3.7 rebounds and 1.4 steals per game last season for the Canton Charge of the NBA D-League.

Cherry played for the Cleveland Cavaliers in summer league.

Cherry is expected to sign the partially guaranteed deal in the coming days.

Will Cherry is receiving interest from the Cleveland Cavaliers and Toronto Raptors, according to a source.

Cherry averaged 12.8 points and 4 rebounds while shooting 52 percent from the field for the Cavaliers in summer league.

Cherry spent last season with the Canton Charge of the NBA D-League.

Diante Garrett was released by the Toronto Raptors on Saturday.

Garrett was acquired by the Raptors via trade this offseason.

The Toronto Raptors have decided to release point guard Dwight Buycks within the next two days, before his contract guarantee date on Monday, league sources told RealGM.

Buycks averaged 19.7 points and 4.3 assists in the Las Vegas Summer League, ranking sixth in scoring and seventh in assists. The Raptors grew fond of Buycks’ play a season ago and received trade interest from other NBA teams for the 25-year-old.

Several teams are expected to pursue Buycks in free agency.

Buycks went undrafted out of Marquette University in 2011, and the 6-foot-3 guard played overseas for two seasons before an impressive showing with the Raptors in summer league last year as a tenacious, swift player. In 14 regular season games for Toronto, he averaged 3.1 points and 1.6 rebounds.

The Toronto Raptors and James Johnson have agreed upon a two-year, $5 million contract.

The Memphis Grizzlies had interest in re-signing Johnson, while the Utah Jazz and Houston Rockets were also involved.

Johnson previously played with the Raptors between 2010 and 2012.

Greivis Vasquez will re-sign with the Toronto Raptors on a two-year, $13 million deal, according to sources.

Vasquez maintained he wanted to stay with the Raptors, who acquired him in a midseason trade last season.

Clearing NBA free agency waivers after his release from the Toronto Raptors, Julyan Stone has started strong discussions with the Philadelphia 76ers, Sacramento Kings and Milwaukee Bucks on a new deal, a league source told RealGM.

Stone, one of the tallest pure point guards at 6-foot-7, averaged one point and one rebound in 21 games for the Raptors a season ago.

Stone remains a possibility for the Raptors, a source said.

Andray Blatche will meet with the Toronto Raptors in Las Vegas on Wednesday.

Blatche has been with the Brooklyn Nets since 2012 and turns 28 in August.

Yakhouba Diawara had a workout for the Toronto Raptors in Las Vegas on Tuesday, a source tells RealGM.

Diawara is a 31-year-old wing that previously played in the NBA with the Denver Nuggets and Miami Heat. Diawara has played in Europe since 2010.

Diawara played collegiately at Pepperdine.

The Toronto Raptors have waived Julyan Stone.

Stone's contract would have become guaranteed if he remained on the roster beyond Monday.