The Toronto Raptors are preparing to enter a pivotal NBA free agency period with their new-look 2024 squad. With a range of talent to choose from, the Raptors have a chance to land a top player. Former Toronto star and Chicago Bulls forward DeMar DeRozan has some intriguing betting odds to sign a new contract with the team.

Of all potential 2024 NBA free agency Raptors signings, DeMar DeRozan has the top odds to land with the team at +500, per B0vada. Other Toronto suitors have notably lower odds. For example, Pascal Siakam is next in line at +1200, while OG Anunoby sits at +1800. Tyrese Maxey's odds are +2500. Finally, James Harden, Paul George, and LeBron James have +4500 odds to join.

Seeing DeMar DeRozan sign another contract with the Raptors would be great. However, he expressed a desire to stay with the Bulls in mid-April.

“This is where I want to be,” DeRozan said, per NBC Sports Chicago. “I love ownership. I love everything about the city and the franchise, top to bottom–the front office, the staff we have. It's one of those places that gives me motivation to see everybody get what they deserve and feel what winning is like again.”

It remains to be seen if the Bulls will offer a contract to DeRozan's liking. If negotiations break down, he could find a home with the Raptors again. DeRozan helped Toronto make several respectable playoff runs during his nine-year tenure.

Most notably, the star forward aided the Raptors to the 2016 Eastern Conference Finals. Unfortunately, Toronto lost the series 4-2 to LeBron James and the eventual NBA champion Cleveland Cavaliers.

If the Raptors cannot land DeRozan or any other star free agents, there will be no need to panic. The team is filled with promising talent.

Raptors look to build with their talent ahead of 2024-25

Toronto shook their franchise when they traded former stars Pascal Siakam and OG Anunoby during the 2023-24 season. The Raptors dealt Siakam to the Indiana Pacers and shipped Anunoby to the New York Knicks at the February trade deadline. This marked the end of an era. Yet, Toronto received some stout talent in return.

The Raptors now have the services of RJ Barrett and Immanuel Quickley, two of the most exciting upcoming players in the league. Barrett averaged a career-high 20.2 points per game in 2023-24. Meanwhile, Quickley was a 2022-23 NBA Sixth Man of the Year candidate and also saw a career-best scoring mark. Quickley amassed 17.0 points per contest.

Barrett and Quickley are not the only ones Raptors fans are excited about. Toronto is also led by rising star forward Scottie Barnes. Barnes does nearly everything on the court, and his trajectory has him on track to eventually become an All-Star.

The former Florida State Seminole averaged 19.9 points, 8.2 rebounds, 6.1 assists, 1.5 blocks, and 1.3 steals in 2023-24. Head coach Darko Rajakovic believes Barnes could be a future face of the league. If Barnes continues to play at a high level on both sides of the ball, he will be.

It will be interesting to see how the 2024 NBA free agency period goes amid Bulls forward DeMar DeRozan and other's decisions. Will the odds be in his and the Raptors' favor?