TUESDAY, 9:12am: The Raptors formally announced their agreement with Casey, in a press release. Oddly, the release states that the team and the coach have merely agreed in principle, so it appears the contract isn’t yet finalized. Still, the move indicates that they’re at least on track to put pen to paper, with Casey and GM Masai Ujiri scheduled to address the media later this morning.
“From day one last summer Dwane has done an excellent job both on-and-off the court,” Ujiri said as part of the team’s statement. “There’s been growth from each player on the roster and the team’s identity of toughness and a desire to always compete has clearly been established. We’re very excited to continue to grow and develop this team with Dwane as our head coach.”
MONDAY, 6:27pm: Casey will earn just under $4MM per year in his new three-year deal, a source tells David Aldridge of TNT (on Twitter).
5:33pm: The Raptors and Dwane Casey have reached agreement on a new three-year deal, sources tell Doug Smith of the Toronto Star (on Twitter).
Casey’s contract expired at the end of this season but a new agreement was widely anticipated. Just last week, Raptors CEO Tim Leiweke told SportsNet 590 The Fan that he wasn’t worried about Casey or free agent Kyle Lowry going anywhere this summer. “Why wouldn’t you want to be here?” Leiweke asked rhetorically. With their coach reportedly locked in through 2016/17, the Raptors’ next task will be to strike a new deal with their star point guard.
All of the buzz in the Atlantic Division this summer went to the Nets and (to a lesser extent) the Knicks, but it was the Raptors who came out on top with a 48-34 record in the regular season. Ultimately, the Nets bested the Raptors in a wild seven game series, but the Raptors took a significant step forward this year and reinvigorated a dormant Toronto fan base.
Between his three years at the helm in Toronto and his one-and-a-half seasons with the Wolves, Casey owns a career 159-193 (.451) record.