Raptors sign Jonas Valanciunas to four-year extension

Center Jonas Valanciunas signed a four-year contract extension with the Toronto Raptors on Thursday.
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Center Jonas Valanciunas has signed a four-year extension with the Toronto Raptors, the team announced Thursday.

The 7-foot Valanciunas confirmed the news in a tweetwith a picture of himself and Raptors GM MasaiUjiri completing the deal.

The official terms of the deal have not yet been disclosed, but Yahoo Sports' Adrian Wojnarowski reports Valanciunas' contract is worth $64 million, with the potential to escalate to $70 million with bonuses.

“Jonas’ contributions continue to improve with each season and we view him as a significant part of what we are building in Toronto,” said Raptors President and General Manager Masai Ujiri in a statement.

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The 23-year-old Valanciunas, a native of Lithuania, averaged a career-high 12 points and team-highs of 8.7 rebounds and 1.2 blocks last season. The Raptors selected him with the fifth pick in the 2011 draft.

Jeremy Woo