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Cory Joseph agrees to 4-year, $30 million deal with Raptors

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Cory Joseph is going back home to Canada, where he will get a huge pay raise.

Kim Klement-USA TODAY Sports

Earlier on Sunday the Spurs withdrew their qualifying offer to Cory Josephas reported by SAEN's Mike Monroe. Joseph became a restricted free agent and has agreed to a four-year, $30 million contract with the Toronto Raptorsaccording to ESPN's Chris Broussard.

The Spurs already saw Aron Baynes and Marco Belinelli sign lucrative deals with the Pistons and Kings, respectively. Losing bench depth is part of the price of landing a max-contract free-agent.

The Raptors traded Greivis Vasquez on draft night and let Lou Williams walk in free agency on Sunday. Perhaps not coincidentally, that's when the Spurs withdrew their qualifying offer to Joseph, paving the way for a return to his native Toronto, where he will become the primary backup to All-Star Kyle Lowry.

In four years with the Spurs, Joseph served as a starter on 43 nights and averaged five points, two rebounds and two assists. His crowning moment came on Game 4 of the 2013/14 Western conference finals, when he dunked on Serge Ibaka.

Thanks for everything Cory, and good luck with the Raptors.

Joseph dunks on Ibaka

Cory Joseph thanked the city, fans and organization in a message:

A sincere thank you to all the fans, RC, Coach Pop and the entire Spurs organization for all the support over the last 4 years. SA will always be close to my heart... had my first game and first championship here! #ThankYou #NextChapter