Well, the hits just keep on coming. After last week’s monster moves, Colangelo continued working on the weekend, signing Jarrett Jack to an offer sheet. The Raptors also lost one of their all-time good guys when free agent Anthony Parker officially signed with the Cleveland Cavaliers.

Now, the Jarrett Jack “signing” is only an offer sheet - since he is a restricted free agent, Indiana has until next week to match the offer and retain him. However, it’s presumed they won’t because doing so would put them over (or at least near) the tax level. No firm details of the offer have been released, but it’s believed to be in the four years, $20 million range.

I’ve liked Jack since he first came into the league; in fact, I was hoping the Raptors would find a way to draft him in 2005. He’s big for a PG at 6′3″ and 200 pounds, and he can play the two as well. He’s a solid defender, a decent shooter at 45%, he’s shown he’s comfortable starting or coming off the bench, and he’s coming off a career year (highs in points, rebounds, assists and 3-pt FG%). He’s a versatile player who should fit perfectly on this newly-constructed Raptors team.

Nevertheless… one could argue that $20 million over four years is a little much for a sixth- or seventh-man. Especially since, as far as I can tell, there were no bidding wars going on for his services. I can’t help but think a three-year deal for $12 or $14 million might have made a little more sense…

Still, we all know Bryan Colangelo is a guy that simply goes after what he wants. He wants Jack - and he intends to get him.

Unfortunately for us in the blogosphere, we now have to wait for Indiana to either renounce Jack or simply wait for the seven days to pass without matching the offer. They’ll surely do the latter. Which means the Raptors won’t make any other moves in that time frame, including signing Carlos Delfino or Rasho Nesterovic, because they need to know for sure where there finances stand. So it should be an uneventful week.

But one event can’t pass by without some acknowledgement. The Cavaliers officially unveiled their newest acquisition yesterday, free agent Anthony Parker. The multiple-Euroleague-MVP award winner joined the Raptors in Colangelo’s first summer on the job, and was a huge contributor in the Raptors 47-35, Atlantic Champion 2006-2007 season. Over the past three years he hit a number of clutch shots (I remember a falling, lunging banked-in three pointer from the top to seal a win against Detroit late in the 06-07 season, and who could forget the tip-toe-corner three he nailed to tie the game against New Jersey last year - one play before Vince Carter won it on the dunk at the buzzer?) and provided steady, generally mistake-free basketball. He was a deadly three-point shooter from the corners and had a penchant for making that incredibly difficult fade-away jumpers.

Unfortunately, he lost a step in the last year, and it showed; he was our best perimeter defender for two years but last year, was just another pylon in our porous defense. He also had a habit of going 1-2 at the line in clutch FT situations. But he was asked to do more than he should have been for a completely undermanned and underwhelming team last year.

In Cleveland, where he can settle into a role as a shooter and big guard alongside LeBron James, he should have a great year. I expect his role in terms of actual stats will go down, but he’ll play a big role in the overall complexion of that team, in terms of providing relief for James, clutch shooting, steady ball-handling, and as a bigger guard to match up with Orlando and Boston (as opposed to the under-sized West-Williams backcourt).

I wish him luck and look forward to Raptors fans giving him a big round of applause when he returns.

A mid-afternoon tip (as our American cousins celebrate Martin Luther King day) sees the Raps taking on the Hawks in Atlanta. As I indicated earlier, most of the intrigue today surrounds Jermaine O’Neal and the trade rumours, but there is still a game to be played!

The Raps and Hawks have split their two matchups, each winning at home in November; the Raptors 93-88 victory on November 28 was Sam Mitchell’s last win as Raptor head coach.

The Hawks rode their backcourt of Mike Bibby and Joe Johnson in their win, and the Raps rode the back of Chris Bosh in theirs. Bosh’s 30-10-7 capped off his magnificent November.

So who will show up to play today? Once again, the Raps get schedule-screwed, having to play on the road on the second day of a back-to-back while the Hawks had both Saturday and Sunday off.

The Hawks were missing defensive ace and high-flyer Josh Smith in the Raptors’ win, and he’s back in the lineup now. However, Al Horford is out with a knee injury, as the status of Marvin Williams - who hit his head on the floor against the Warriors Friday - is also questionable. Without those two, the Hawks will be on the small side tonight.

As for the Raptors, well, they’re also shorthanded. Even if O’Neal plays, he’ll likely be limited, and there’s no word yet on Jason Kapono, who sat out yesterday’s game with the flu (unfortunately for Raps fans, this looks to actually be the flu, and not trade speculation flu). And of course, starting point guard Jose Calderon is still on the shelf with the Hamstring That Won’t Heal.

So, that means Parker will likely get the start at PG, and although it’s a plus to have him guarding Bibby, I suspect the Hawks will pick him up full court and try and pressure him into a couple turnovers, and will likely have some success.

Of course, given the absence of Horford and perhaps Williams, Chris Bosh and Andrea Bargnani should have no trouble scoring against Zaza Pachulia, Solomon Jones and Maurice Evans, should they? Bargnani has struggled a little the past two games (11-30, 4-10 from downtown, 8 turnovers) so let’s hope the Raps can get him back on track.

Meanwhile, on the defensive end, I suspect the Hawks will get out and run and expose the Raptors’ sloppy transition D. Look for some Josh Smith highlight-reel alley-oops on the 6:00 Sportscenter.

Joey Graham will likely get his second straight start at SG, matching up with Joe Johnson. Johnson has killed the Raps in the past but Joey has the size to guard him. Will he play smart and stay out of foul trouble? Remains to be seen, but if the same Joey shows up today that showed up yesterday, he’ll help the Raptors stay in this one.

All in all, I have to give the advantage to Atlanta. Their frontcourt is small, but Bibby, Johnson and Smith are Raptor killers. Even if Bosh and Bargnani have big games, the Raptors have proven they don’t know how to ride a hot hand and you’ll likely see some forced bricks down the stretch. And without Jose, you’re going to see too many turnovers, leading to too many Hawks fast breaks.

Add to all that, the Hawks are 15-4 on their homecourt. Whoever would have thought Atlanta would have a significant homecourt advantage? But you know what, good for them. They’ve been bad for so long, it’s good to see a team like that finally have some success. And I like the way they built this team through the draft, and added a veteran leader (Bibby) to guide their young guys. That’s the way to do it.

Hawks by six.