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Jonas Valanciunas Signs 4-Year, $64 Million Extension With Raptors

David Richard/USA TODAY Sports

It was reported earlier in the week that Toronto Raptors center Jonas Valanciunas was nearing a multi-year contract extension, and the Raptors made a new deal official on Thursday.

Yahoo! Sports’ Adrian Wojnarowski reports the deal is for four years, $64 million, and the fourth year is a player option. ESPN’s Marc Stein confirmed the numbers.

Valanciunas, 23, averaged 12.0 points and 8.7 rebounds last season while shooting 57.2 percent from the field. His numbers were similar in the postseason, although his shooting percentage dipped to 50 percent.

This deal is slightly more than initially reported, but it’s still a solid deal for Toronto. Valanciunas still has plenty of room to improve on both ends of the court, and he’ll look to become a bigger part of the offense moving forward. Improvement on the defensive end would also go a long way in turning around the Raptors on that end.

This deal takes away a little bit of flexibility next summer, but Toronto was clearly fine sacrificing a small bit of flexibility in order to lock up a quality young player long term at a reasonable price. If Valanciunas continues to improve, this deal will be good value, especially with the cap set to explode.

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