Jakob Poeltl will sign a new four-year, $104MM contract with the Raptors, sources tell Shams Charania of ESPN (Twitter link). Poeltl will pick up his $19.5MM player option for the 2026/27 season and add three more years to the deal.
The estimated salaries for those additional years are $26MM, $28.2MM and $30.3MM, according to Spotrac.
Agents Michael Tellem and Sam Goldfeder of Excel Sports considered several options for Poeltl, including an extension while declining the option, Charania adds (Twitter link), but the decision to opt in was made to give the Raptors more flexibility over the next two years.
The deal includes a trade kicker, according to Michael Scotto of HoopsHype (Twitter link), who states that Poeltl hopes to play the rest of his career in Toronto.
The new contract means Poeltl can’t be traded for the next six months, according to cap expert Yossi Gozlan (Twitter link).
The 29-year-old center put up career-best numbers this season, averaging 14.5 points and 9.6 rebounds in 29.6 minutes per night, but he was limited to 57 games. Josh Lewenberg of TSN Sports states (via Twitter) that Poeltl sat out games late in the season despite being healthy, which he likely wouldn’t have agreed to do unless he knew he had a new contract coming.
Poeltl has been the Raptors’ starting center since being acquired from San Antonio at the 2023 trade deadline. He’s a strong contributor on both ends of the court, shooting 62.7% from the field this season while posting 1.2 blocks and 1.2 steals per game.
Toronto refused to include Poeltl in recent trade talks with Phoenix involving Kevin Durant. The Suns reportedly asked for Poeltl and received a “firm” no from the Raptors.
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