The 2003–04 Toronto Raptors season was the team's ninth season in the NBA. This season saw the team draft future All-Star forward Chris Bosh with the fourth overall pick in the 2003 NBA Draft. With new head coach Kevin O'Neill, the Raptors started the season on a high note beating the 2-time Eastern Conference Champion New Jersey Nets 90–87. However, a few days later they would set an embarrassing post shot clock record by scoring just 56 points in a loss to the Minnesota Timberwolves. Early into the season, they traded Antonio Davis and Jerome Williams to the Chicago Bulls for Jalen Rose and Donyell Marshall. The Raptors posted a 25–25 record at the All-Star break, but because of injuries only won just eight for the rest of the season. They finished sixth in the Central Division with a 33–49 record.

Following the season, O'Neil and General Manager Glen Grunwald were fired by the Raptors. This was also Vince Carter's final full season in Toronto as he would be traded to the New Jersey Nets midway through next season.

After Acquiring Jalen Rose in a mid-November deal, the Raptors went on to win thirteen straight games.

After the 50 game mark, the Raptors were 25-25 and in position for a playoff spot. Unfortunately, the team would struggle out towards the end, finishing 8-24 and missing the playoffs. Kevin O'Neill was fired after the season.

* Statistics include only games with the Raptors

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