Keep an eye on the actual pick chances:
https://www.tankathon.com/pick_odds
Toronto probably stays in the 6 slot with Memphis balling out for pride. The Raptor's chances of landing at these picks are as follows:
#7 30.7%
#8 21.7%
#9 4.0%
#10 0.2%
Their chances of landing at 1, 2, 3, 4 or 6 are all around 8-9% each. There is no chance, at the 6 spot, of receiving the #5 pick.
If they can't 'catch up' to the losses of SA, CHA, POR, DET, and WAS, then there is a 56.6% chance the Spurs still get the pick. If Memphis drops below them, the Spurs gain only 8.6% to that total. So, it is still likely.
Now, if it does not convey this year, then Toronto will have to do some deep tanking to keep protecting the pick for the next two years. They might do so to take a stab at Flagg or Ace.
It's not the greatest news, but there was always risk.