McLemore must first clear waivers after being bought out by the Sacramento Kings. In 19 games with Sacramento this year, McLemore is averaging 3.9 points per game in limited minutes. He is converting on 41.5 per cent of his three-point attempts in 2018-19.
For his career, McLemore has averaged 8.8 points, 2.5 rebounds and 1.1 assists per game on 41.7 per cent shooting from the field. His career mark from three-point range is 35.3 per cent.
The 25-year-old was the seventh overall pick in the 2013 draft, but has yet to live up to those lofty expectations.
Toronto still has multiple roster spots to fill after a busy trade deadline. Jonas Valanciunas, Delon Wright, C.J. Miles, Malachi Richardson and Greg Monroe were all shipped out ahead of the deadline with Marc Gasol being the only player heading back to the Raptors.