John E. Sokolowski-USA TODAY Sports

The Toronto Raptors brought in Kelly Olynyk at the NBA Trade Deadline.

Toronto acquired the Canadian center and Ochai Agbaji from the Utah Jazz in return for Kira Lewis Jr., Otto Porter Jr., and a 2024 first-round pick.

Olynyk is 32-years-old and is an unrestricted free agent this summer, but the Raptors reportedly did not trade for him as a rental.

According to The Toronto Star’s Doug Smith, The Raptors plan on keeping Olynyk after this season:

“You can expect an announcement shortly — ‘maybe in the next couple of weeks,’ one team official said this week — on a contract extension for the Scarborough-born Olynyk, obtained from Utah a week ago. Whether it’s a straight two-year deal or two years plus an option, the Raptors want to lock up the 32-year-old as quickly as they can.”

Olynyk’s current deal is for just over $12 million a year.

Smith says that the Raptors see Olynyk as a great fit one the team and someone who will resonate in a locker room full of young players.

The veteran has already stated that he wants to stay in Toronto during his introductory media session:

“Yeah, I would love to. I’d love to be here for the rest of my career, hopefully that plays out.”

The Raptors are in a rebuild but having a presence like Olynyk will be valuable. Not only can he serve as a veteran leader of the team but he can be a good mentor for some of the younger players on the roster.

Olynyk’s time with the Raptors

Olynyk has played in three games for the Raptors already. He finished with 17 points, 3 blocks and 3 steals against the Cleveland Cavaliers on Feb. 10.

Olynyk left the Raptors most recent game against the Indiana Pacers with lower-back strain but he will have extended time to heal up as Toronto won’t play its next game until Feb. 22 against the Brooklyn Nets.

More must-reads:

TODAY'S BEST
Dodgers starter undergoes season-ending UCL surgery
Knicks star ruled out for potential closeout game
Veteran NFL safety will either play for this team or retire in 2024
Former Red Wings head coach linked to open NHL job
How Patriots' Drake Maye has already impressed Jacoby Brissett
LeBron James, Giannis Antetokounmpo, Stephen Curry among Forbes' highest-paid athletes for 2024
Steve Cohen addresses if Mets could again be trade-deadline sellers
Tiger Woods ruins strong first round with sloppy finish at PGA Championship
Xander Schauffele makes history in first round of PGA Championship
NFL responds to speculation about Chiefs schedule and Taylor Swift
Despite hopes for change, NASCAR championship weekend will return to Phoenix in 2025
Chiefs will achieve something not done since 1927 with 2024 schedule
Caitlin Clark's debut was most-watched WNBA game in more than 20 years
Yankees' Aaron Judge comments on resurgence after bad slump
Odell Beckham Jr. reveals why he was 'hesitant' to join Dolphins
Lakers reportedly interested in adding three-time All-Star via trade
Luka Doncic fed off negative reactions in Game 5 win over Thunder
Celtics finally put away undermanned Cavaliers, advance to conference finals
Avalanche force Game 6 with big third period vs. Stars
MLB announces punishment for Astros' Ronel Blanco over foreign substance

Want more Raptors news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.