The Raptors and newly acquired ahead Brandon Ingram have reached an settlement on a three-year contract extension, in response to Shams Charania and Bobby Marks of ESPN (Twitter link), who hear from Ingram’s brokers at Klutch Sports activities that the deal will probably be value $120M and can characteristic a participant choice for the 2027-28 season.
Ingram was traded from the Pelicans to the Raptors final week in a deal that despatched Bruce Brown, Kelly Olynyk and two draft picks (one first-rounder and one second-rounder) to New Orleans.
Ingram had spent the earlier five-and-a-half seasons with the Pelicans after having been a centerpiece of the workforce’s return in 2019’s Anthony Davis blockbuster with the Lakers. From 2019-25, Ingram averaged 23.0 factors, 5.2 rebounds and 4.3 assists per recreation in 305 whole outings for New Orleans, with a .472/.372/.847 capturing line and a 2020 All-Star berth.
The Pelicans and Ingram have been unable to come back to phrases final offseason — or through the first half of this season — on a brand new contract that might prolong the 27-year-old’s $36M expiring deal, which led to the choice to commerce him.
The Raptors have been clearly extra comfy with the thought of investing in Ingram — normal supervisor Bobby Webster said after last week’s trade that the entrance workplace wouldn’t have made the commerce if there wasn’t “a consolation degree with (the contract) he was on the lookout for.”
Lately traded gamers face certain limitations on the extensions they’re permitted to signal, however Ingram’s new contract will fall inside these limits (which embrace a 20% first-year elevate, subsequent annual raises of 5%, and 4 whole years, together with the present season).
The deal can even are available in nicely beneath Ingram’s most. Primarily based on current cap projections, he would’ve been eligible to obtain as much as about $150M over the subsequent three years if he had waited till free company to signal a brand new contract with the Raptors. His most three-year extension proper now would’ve been value $136.1M.
The precise impression of Ingram’s extension on Toronto’s cap scenario for 2025-26 and past received’t be recognized till we see the official numbers, however it figures to push the workforce up over $175M in assured cash for 10 gamers for subsequent season. That will probably be nicely over the projected cap ($154.6M), however will put the workforce in place to remain beneath the projected tax line ($187.9M).
Ingram, who remains to be recovering from an ankle damage and whose Raptors debut is probably going nonetheless somewhat methods off, is now a part of a core in Toronto that additionally contains Scottie Barnes, Immanuel Quickley, Gradey Dick and RJ Barrett.
