Raptors, Leonard agree to 2-year, $115M extension — SkimNews
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- Kawhi Leonard agreed to a two-year, $115 million contract extension with the Toronto Raptors, his agent Harrison Gaines of Slash Sports told ESPN on Tuesday.
- The deal includes a player option for the 2028-29 season, giving Leonard control over a potential fifth year with the franchise beyond the two guaranteed seasons.
- Harrison Gaines of Slash Sports is the agent who confirmed the agreement terms to ESPN, making the agency the public source of record for the deal.
- The extension locks in Leonard's Toronto tenure at a total value of $115 million across two seasons, an average annual value of roughly $57.5 million.
Why it matters: The deal commits $115M to Leonard over two guaranteed seasons while the 2028-29 player option — when he'd be 36 or 37 — gives him a long-dated lever to extend, opt out, or renegotiate. For Toronto, the structure retains a max-tier star short-term without surrendering roster flexibility beyond the guaranteed window.
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