The Raptors are expected to discuss a contract extension with head coach Dwane Casey in the near future, league sources told ESPN.com’s Marc Stein following the team’s elimination from the Eastern Conference Finals on Friday night. The Raptors hold a $4MM option on Casey’s contract for next season.
The 59-year-old Casey has been the team’s head coach for five seasons. The Raptors have won at least 48 regular-season games the last three seasons, including 56 this past season while winning the Atlantic Division for the third consecutive year. The Raptors were eliminated in the first round of the playoffs the last two seasons prior to their run to the conference finals this spring.
Casey’s status was tenuous entering the postseason and league sources told ESPN.com’s Zach Lowe that Casey would have lost his job if the Raptors didn’t get past the Pacers in the first round.
Casey’s extension will likely be similar to the one Terry Stotts received from the Trail Blazers after their playoff run, according to Stein. Stotts agreed to a three-year extension worth approximately $5.5MM per season.