The Raptors and team executive Masai Ujiri are engaged in advanced discussions regarding a contract extension, Marc Stein and Brian Windhorst of ESPN.com report. The two sides are nearing a deal, according to the duo’s sources, though the length and terms of the proposed extension are unknown at this time.
Ujiri still has nearly two years remaining on his current pact, a five-year, $15MM arrangement that he inked back in May of 2013. The 46-year-old had won the NBA Executive of the Year Award the prior season for his work with the Nuggets, with Denver having notched an impressive 57 wins that campaign. He has since built Toronto into an Eastern Conference power, with the team reaching the Conference Finals this past season.
Under Ujiri’s watch, Toronto has an overall regular season record of 153-93, plus, three consecutive playoff berths.