Just a simple trade for both sides. Raptors have tons of money spent out on players that resigning Agbaji wouldn't seem likely. They trade him for Knecht who's still on his rookie deal and ready for an NBA role. Knecht upside as an elite shooter is there he just doesn't fit defensively for the Lakers who already are weak on the perimeter. This deal could involve some picks or swaps.

Lakers swap Knecht for Agbaji who's overall fit just makes sense. A very solid defender with some versatilty on offense. Also gives the Lakers some insurance Incase they do move on from Reaves.