Raptors, Kelly Olynyk agree on two-year, $26.25M extension

Toronto Raptors middle Kelly Olynyk has signed a two-year, $26.25 million contract extension, agent Jeff Schwartz of Excel Sports activities instructed ESPN on Monday.

Olynyk was eligible to signal the extension — which takes him by means of the 2025-2026 season — till June 30 and offers him the utmost 5 p.c annual raises allowed below the deal.

Olynyk, 32, is a Canadian native who landed with the Raptors in a commerce deadline cope with the Utah Jazz in February. The Raptors focused Olynyk to assist Jakob Poeltl within the Raptors’ frontcourt and did the cope with an intention of signing him to this extension.

Olynyk has averaged 9 factors with a career-best 4.2 assists this season — together with a career-high 54 p.c from the sector. Olynyk is one in all six gamers taking pictures 39 p.c on three-pointers and 60 p.c on two-pointers this season, in response to ESPN Stats and Data analysis.

Olynyk spent his first three-plus seasons with the Boston Celtics earlier than becoming a member of the Miami Heat, Houston Rockets, Detroit Pistons and Jazz.