The contract extension that Kelly Olynyk reached with the Raptors had an added bonus: It clears the way for the longtime member of the Canadian Olympic team to play in the Paris Olympics, Josh Lewenberg of TSN Sports notes.
If he had been a free agent, it would have been difficult to secure insurance ahead of Canada’s training camp, which opens in Toronto in late June.
“That was definitely a big part of it, as well, getting this out of the way,” he said. “To not have [the contract situation] on your plate and your mind, just be able to play free and easy, and then obviously in the summer just be able to work out, train, and be present right at the start with no complications was a big factor. That also played a huge part in the decision.”
Olynyk, acquired from Utah, signed a two-year, $26.25MM extension. The Toronto native hopes to remain with the Raptors the remainder of his career.
“They traded for me, they wanted me here,” Olynyk said. “Just to reciprocate that love and show that I do want to be here, too – I’ve wanted to be here since I was four years old. It’s special, to create that trust and that bond. Hopefully I’ll be here for the rest of my career.”
We have more on the Raptors:
- Securing Olynyk’s services on a reasonable contract was a savvy move by the franchise, according to The Athletic’s Eric Koreen. Olynyk’s first year salary of approximately $12.8MM is less than the $18.3MM cap hold he would have had as a free agent. That potentially will give Toronto $5.3MM in extra cap room. On the court, Olynyk’s skill set will help head coach Darko Rajakovic continue to build his movement-heavy offense, Koreen adds.
- The two-way contracts for D.J. Carton and Mouhamadou Gueye are both two-year deals, Blake Murphy of Sportsnet tweets. They’ll get the full guarantee allowable (50% of a 2024/25 two-way contract) if they remain with the team on two-way deals next season. The Raptors also have option to convert their contracts to standard deals at any time over the two-year period.
- Scottie Barnes hasn’t formally been ruled out for the season after he underwent hand surgery on Monday, Lewenberg tweets. “Everybody would like him to come back and finish the season,” Rajakovic said. “I know he’s eager but we just don’t have enough information at this time.”