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The Toronto Raptors will be keeping Gary Trent Jr.

The 22-year-old has reportedly agreed to a three-year, $54 million contract that includes a player option in year three, according to ESPN's Adrian Wojnarowski.

The contract will pay Trent an average of $18 million per season.

Toronto had extended a qualifying offer to Trent making him a restricted free agent this summer. He could have turned elsewhere to sign an offer sheet, but the former second-round pick decided to stay home re-upping with the Raptors.

Trent, who came over from the Portland Trail Blazers as part of the Norman Powell trade, averaged a career-high 15.3 points while shooting 38.5% from three-point range.

While he still has a ways to go on both ends of the floor, rounding out his defense and improving as a playmaker and multi-dimensional scorer, his contract shouldn't hamstring Toronto. It will allow them to move forward with a core of Fred VanVleet, OG Anunoby, Pascal Siakam, Malachi Flynn, Scottie Barnes, and now Trent for the next few seasons.

Further Reading

Kyle Lowry signs with Miami Heat

Scottie Barnes' shot has improved over the summer, trainers say, with unparalleled work ethic generating development

Despite draft night surprise, it's easy to see why the Raptors fell in love with Scottie Barnes