In the 2005 offseason, the Raptors selected Charlie Villanueva and Joey Graham with the seventh and sixteenth pick, respectively, in the first found of the 2005 NBA draft.
After the draft, the Raptors signed an undrafted José Calderón as a free agent.
On January 26, 2006, the Raptors fired general manager Rob Babcock.
[2] On February 3, 2006, the Raptors traded Jalen Rose, a first-round draft pick, and an undisclosed amount of cash to the New York Knicks in exchange for Antonio Davis, a move likely made to clear Jalen Rose's annual 16 million dollar salary from the team salary cap.
The Raptors had the fifth best team offensive rating in the NBA.