Raptors Sign DeMar DeRozan To Extension

11:09pm: The Raptors confirmed the extension in a press release.

"DeMar has worked very hard and has been a significant part of the building process here in Toronto," team president Bryan Colangelo said. "We view DeMar as a young, athletic and talented basketball player whose character fits what we are putting together."

8:11pm: Michael Grange of Rogers Sportsnet confirms via Twitter that the base pay in the deal is $38MM (hat tip to John Hollinger of ESPN.com).

6:30pm: Ryan Wolstat of the Toronto Sun hears the deal is actually for four years and $38MM (Twitter link). He's likely referring to the base pay and not the amount DeRozan could earn with the incentives, but that's just my speculation.

5:41pm: The Raptors and DeMar DeRozan have agreed to a four-year $40MM extension with incentives that could bring the value to as much as $42MM, reports Sam Amick of SI.com (Twitter link). Adrian Wojnarowski of Yahoo! Sports reported moments earlier that the two sides were close to a deal (Twitter link). After early indications today that a deal would not get done, there seemed to be a change of heart, presumably by the Raptors, who were reportedly already focused on what they wanted to see from DeRozan this season in advance of restricted free agency next summer. Instead, it appears they'll have the fourth-year swingman already locked up.

Ryan Wolstat of the Toronto Sun, who heard earlier today that an offer in the neighborhood of $34MM could get a deal done, quickly criticized the team's decision via Twitter, and Eric Pincus of the Los Angeles Times followed (Twitter link). Last year, DeRozan put up 16.7 PPG and 3.3 RPG on 42.2% shooting with a 12.8 PER, all numbers that declined from 2010/11.

The move means roughly $52MM in cap space is tied up for next season, assuming Linas Kleiza and Aaron Gray pick up their player options. That puts the Raptors out of the running for a max free agent they would have been able to afford if they passed on DeRozan. 

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4 thoughts on “Raptors Sign DeMar DeRozan To Extension

  1. Jay Maxemuck

    As a Raptors fan I can’t figure out what the hell he did to deserve this

    • FriedCalamari

      agreed…i mean he’s pretty good, maybe colangelo is banking on DeMar to take his game up one level? Still a young cat

  2. DieHardMsFan

    I agree, a real head scratcher here. Especially with drafting Terrence Ross as the eight overall pick. If they were going to sign Derozen long-term why not fill another need there?

  3. MLBen

    They must like what they saw from him out in the pre-season… I hope he has a big year, I know I’m rooting for him

    19.0 PPG, 4.0 RPG, 2.5 APG, 46% FG, 32% 3PT: would be a fairly solid line, and not out of the question


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