What happened: The league call completing Leonard's move came Monday, 76 days after terms were first outlined on June 30. Brandon Ingram, Gradey Dick, two first-round picks in 2031 and 2033, a 2027 pick swap and two second-rounders make up the return to Los Angeles.

Why it matters: The delay turned a marquee offseason deal into a weeks-long standoff before the paperwork finally moved. Leonard's waiver of a $7.45 million trade kicker also leaves Toronto at the first apron entering the 2026-27 season.

What to watch: Training camp is the next checkpoint for how quickly Leonard is folded into Toronto's plans and how Los Angeles uses its added draft and cap flexibility.