As expected, the Toronto Raptors and Jonas Valanciunas have come to terms on a four-year contract extension.
The Raptors are pleased to announce they have signed @JValanciunas to a contract extension http://t.co/WFs9pJPtVX pic.twitter.com/u1z8OULVxP
— Toronto Raptors (@Raptors) August 20, 2015
Super happy!:)) Best city and best fans in @NBA for another 4 years. Aciu! Can't wait for @Raptors season #WeTheNorth pic.twitter.com/kp9VU8ueru
— Jonas Valanciunas (@JValanciunas) August 20, 2015
The deal is reportedly worth $64 million.
Toronto center Jonas Valanciunas has agreed to a four-year, $64M extension, league sources tell Yahoo. Deal could escalate to $70M
— Adrian Wojnarowski (@WojYahooNBA) August 20, 2015
Valanciunas deal includes a player option for fourth year, league sources tell Yahoo.
— Adrian Wojnarowski (@WojYahooNBA) August 20, 2015
Just a clarification on Valanciunas terms: Straight 4 years, $64M.
— Adrian Wojnarowski (@WojYahooNBA) August 20, 2015
There is a 4th year option on Valanciunas deal, but "straight" in past tweet was in reference to $64M guaranteed and no bonus incentives.
— Adrian Wojnarowski (@WojYahooNBA) August 20, 2015
Valanciunas, 23, averaged 12 points and 8.7 rebounds in 80 games for the 49-win Raptors last season.
The big fella, picked fifth overall in the 2011 NBA Draft, would have otherwise hit the open market next summer.
