Report: Pascal Siakam Agrees to Four-Year, $130 Million Extension With Raptors

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Raptors power forward Pascal Siakam has agreed to a four-year, max contract extension with the team, reports ESPN's Adrian Wojnarowski and Zach Lowe.

According to Wojnarowski, Siakam's four-year deal is worth $130 million. The Athletic's Shams Charania reports the extension does not include any player or team options.

Siakam and Toronto had until Monday to agree on an extension. If they didn't reach an agreement, he would have hit restricted free agency next summer. Siakam, who was selected by Toronto in the first round of the 2016 draft, was set to enter the final year of his rookie contract this season.

Siakam was named the Most Improved Player for the 2018-19 season after putting up a career-high 16.9 points and 6.9 rebounds per game. He continued his breakout year in the playoffs, averaging 19 points and 7.1 rebounds per game en route to the Raptors winning the franchise's first-ever NBA championship.