Finally, a contract extension has materialized. The Toronto Raptors and Terrence Ross have agreed upon a 3-year, $ 33 million contract extension deal on Monday. Ross becomes the second Raptor to sign a rookie extension deal after teammate Jonas Valanciunas.
Ross earlier said that an extension at Toronto would be an “honor” to him. The Raptors are keen to sign Ross before the November 2 deadline to prevent him from becoming a restricted free agent.
The salary cap is expected to rise steeply next summer. Ross’ extension begins in 2016-17 season, and the move is going to save Raptors’ cap space for next season.
The Raptors are expecting that 24-year-old Ross will blossom into a core player in their starting lineup. The skilled wing player has shown considerable maturity in this season so far. His best performance came against Boston Celtics this season on Friday, during a game in which he notched up 21 points. He started 61 games last season for Toronto and registered 9.8 points average per game.
All-star forwards DeRozan and Carroll will become free agents at the end of this season.