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Pascal Siakam Reportedly Agrees to 4-Year Max Extension With Raptors

OAKLAND, CALIFORNIA - JUNE 13: Pascal Siakam #43 of the Toronto Raptors handles the ball on offense against the Golden State Warriors in the second half during Game Six of the 2019 NBA Finals at ORACLE Arena on June 13, 2019 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ezra Shaw/Getty Images)
Ezra Shaw/Getty Images

The Toronto Raptors aren't wasting any time locking up their future, as they've agreed to a four-year max extension with forward Pascal Siakam, according to ESPN's Adrian Wojnarowski and Zach Lowe.

The exact dollar figures year over year haven't been released, but if the NBA's salary cap is $116 million in 2020-21, here's how the contract is likely to play out between now and 2024:

Siakam's total deal would come out to $129.9 million, making the average amount he receives per year right at $32.475 million.

The Raptors had until October 21 deadline to agree to a new deal with Siakam. If they didn't, he'd be headed for restricted free agency next summer. After a breakout season last year, Toronto couldn't kick the can down the road; they needed to come to some sort of agreement before this year started.

Siakam won the NBA's Most Improved Player Award in 2018-19, as he averaged 16.9 points, 6.9 rebounds and 3.1 assists on 54.9% from the field and 36.9% from behind the arc in the Raptors' run for the NBA title.

Now, he's here to stay.