Toronto – The Raptors announced today that they have finalized a two‑year contract extension with forward Kawhi Leonard. The deal, reported by an AP source with knowledge of the negotiations, could be worth up to $115 million if Leonard remains on the court for both seasons.
Contract details and options
The agreement includes a player option for the second year, the 2028‑29 season. While the exact terms have not been released by the team, the extension follows Leonard’s current contract, which pays him just over $50 million for the 2026‑27 season.
Leonard’s impact on Toronto
Leonard, 35, was a key figure in the Raptors’ 2019 NBA championship run. He returns to the franchise after a standout season with the Los Angeles Clippers, where he posted a career‑high 27.9 points per game over 65 games. The Raptors, now looking to contend for another title, view Leonard as a cornerstone of their roster.
Background on the trade and league investigation
The Raptors originally acquired Leonard in a trade with the Clippers that was agreed upon in late June but delayed until early September due to an NBA investigation into whether the Clippers had attempted to circumvent salary‑cap rules on Leonard’s behalf. The league found four violations, resulting in a one‑year suspension for Clippers owner Steve Ballmer, the forfeiture of five first‑round draft picks, suspensions for other team personnel, and a $30 million fine.
Leonard himself was fined $700,000 but faces no suspension, allowing him to report to Toronto for the upcoming season.
What the extension means for fans
For Raptors supporters, the extension provides certainty that the former Finals MVP will remain a central piece of the team’s strategy. It also signals the organization’s commitment to building around a proven winner as they aim to return to the playoffs and challenge for another championship.
Local businesses around the Scotiabank Arena anticipate increased activity as Leonard’s presence continues to draw crowds, reinforcing the economic impact of a successful sports franchise in the city.
Original reporting: KSAT Sports (San Antonio) — read the source article.
