Toronto, Canada – In a significant move for the Toronto Raptors, center Kelly Olynyk has agreed to a lucrative two-year contract extension worth $26.25 million, his agent Jeff Schwartz of Excel Sports announced on Monday. This extension will keep Olynyk with the team through the 2025-2026 season, with the deal allowing for annual raises of up to five percent.
Originally from Canada, Olynyk joined the Raptors in a trade with the Utah Jazz in February, providing valuable support for Jakob Poeltl in the frontcourt. The Raptors had made a strategic decision to acquire Olynyk with the intention of securing him long-term.
Known for his scoring ability, Olynyk has been averaging nine points and a career-best 4.2 assists per game this season, shooting an impressive 54 percent from the field. Notably, Olynyk is among a select group of players shooting 39 percent from three-point range and 60 percent from two-point range this season, according to ESPN Stats and Information research.
Having previously played for teams like the Boston Celtics, Miami Heat, Houston Rockets, Detroit Pistons, and Jazz, Olynyk has found a stable home with the Raptors and has become a key contributor to their roster. The extension solidifies his role within the team and demonstrates their commitment to his continued success.
Olynyk’s experience and versatility on the court have made him a valuable asset for the Raptors, with his skill set complementing the team’s overall strategy. As the team looks to compete at a high level in the league, Olynyk’s presence will undoubtedly play a crucial role in their pursuit of success.
With Olynyk’s extension now official, the Raptors can focus on building a strong team around their core players, with the hope of making a deep playoff run in the coming seasons. This signing represents a significant step forward for the franchise and signals their commitment to striving for excellence in the NBA.