Siakam, who is eligible to sign a new deal up until October 21 at 5:00pm central time, would be a restricted free agent in 2020 if he doesn’t work something out with the Raptors this month.
A maximum extension for Siakam currently projects to be worth just north of $168MM over five years, starting in 2020/21. Ben Simmons and Jamal Murray have already signed similar deals, though theirs can be worth even more – starting at up to 30% of the salary cap, instead of 25% – if they meet certain All-NBA criteria during the 2019/20 season.
Both Siakam and Raptors president of basketball operations Masai Ujiri indicated last weekend that they’d like to get something done. The young forward said he loves playing in Toronto, a sentiment reiterated by Charania in his report. Ujiri, meanwhile, stressed that there’s no chance the team will let Siakam get away, even if the two sides don’t reach a deal until next summer.
“He’s somebody we’re definitely going to keep for a long time here,” Ujiri said of Siakam.
After posting modest numbers off the bench in 2017/18, Siakam broke out in a big way last year, averaging 16.9 PPG, 6.9 RPG, and 3.1 APG with a .549/.369/.785 shooting line in 80 games (31.9 MPG). His emergence helped the Raptors claim the first NBA championship in franchise history, and he’s expected to take on an even larger role in his fourth season with Kawhi Leonard no longer on the roster.
According to Charania, team executives around the NBA expect Siakam to take another leap this season. Throw in the fact that the 2020 free agent class is considered subpar and it’s certainly not unreasonable to believe the 25-year-old would secure a maximum-salary offer sheet on the open market if he becomes a restricted free agent next July.