Raptors, Pascal Siakam reportedly agree to four-year, $129.9 million max contract extension
Pascal Siakam is going to be the face of the Toronto Raptors going forward.
This was expected. Toronto was never going to let its young star slip away; the only questions were when it a contract extension got done and the price.
The answers came Saturday, with the Raptors and Siakam’s agents reaching terms on what will be a four-year, $129.9 million max extension for the reigning Most Improved Player. Adrian Wojnarowski and Zach Lowe of ESPN broke the news.
Here is the Pascal Siakam max extension based on a $116M cap in 2020-21:— Bobby Marks (@BobbyMarks42) October 19, 2019
Total of $129.9M
There are no player or team options, this is a straight four years.
Last season, his third in the league, Siakam made a huge leap. He averaged 16.9 points and 6.9 rebounds a game, shot 36.9 percent from three, took on a larger role as a shot creator, played impressive wing defense, and was a key part of the Raptors winning the first title in franchise history. He is at the heart of their future and a guy the Raptors wanted to keep through whatever rebuilding/retooling process comes in the next few years.
The Raptors could have played it out, and let Siakam go to restricted free agency next summer. However, in what will be a down free agent market, some team would have tried to poach the young wing — a real position of need around the league — with a max offer. The Raptors would have matched, but all that drama might have created bad blood. Maybe the Raptors overpaid a little, but they get to keep their guy and have him happy.
Siakam is the third player to get a max extension to their rookie contract this summer. Both Ben Simmons (Philadelphia) and Jamal Murray (Denver) signed five-year, $170 million max extensions. Siakam decided to take one year fewer, but also hits free agency again a little earlier.