Ujiri, the NBA's Executive of the Year, is expected to make his decision sometime this week. Sources told Broussard it's a virtual certainty that Denver can't match Toronto's offer.
Nuggets president Josh Kroenke didn't want to spoil the day of new Colorado Avalanche coach Patrick Roy, so he deflected any talk about the situation involving his general manager.
The Nuggets allowed Ujiri, to meet with the Raptors about their GM vacancy over the weekend, Yahoo! Sports reported. Ujiri's contract with Denver expires June 30.
As president of the Avalanche as well, Kroenke attended Roy's announcement on Tuesday. He remained mum about Ujiri, saying, "There are no Nuggets questions today. Sorry. It's all about Avalanche."
Ujiri was assistant GM in Toronto for three years before joining Denver in 2010.
Information from The Associated Press and ESPN The Magazine's Chris Broussard was used in this report.