UPDATE: 4-year, $64 million; could escalate to $70 million #bank
The Raptors say they will make it official later today, but apparently both sides have agreed to the deal. Another win in an already successful off-season for the team, especially considering a 4-year max contract extension would have been in the $93m ballpark once the salary cap rises next season.
Jonas opted for security now, which might not have made sense given he’s missed only three games the last two seasons (both for the Raptors and internationally), but it speaks volumes about the type of person he is, and the type of team the Raptors are trying to build with quality people who are also talented.
These are still my thoughts on the Valanciunas extension. It is good. Good deals are good. https://t.co/iH3NxhEs0E
— Blake Murphy (@BlakeMurphyODC) August 20, 2015
The terms are still unclear, but even if the deal comes in at 4yrs/$70m, it’s still a steal for a guy who’s heading into the prime of his career after averaging 12.0 points, 8.7 rebounds, and 1.2 blocks in 26.2 minutes per game last season while posting a career high PER of 20.6.
Will update as the terms become public, but with this all out of the way, the team figures heavily on Jonas for the future, and it’s on JV to produce and get to the next level.
