The Raptors and newly acquired ahead Brandon Ingram have reached an settlement on a three-year contract extension, in keeping with Shams Charania and Bobby Marks of ESPN (Twitter link), who hear from Ingram’s brokers at Klutch Sports activities that the deal might be value $120M and can function 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 group’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 sport in 305 complete 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 — basic 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 stage with (the contract) he was on the lookout for.”
Just 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 embody a 20% first-year elevate, subsequent annual raises of 5%, and 4 complete years, together with the present season).
The deal can even are available effectively beneath Ingram’s most. Based mostly on current cap projections, he would’ve been eligible to obtain as much as about $150M over the following 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 state of affairs for 2025-26 and past received’t be identified till we see the official numbers, nevertheless it figures to push the group up over $175M in assured cash for 10 gamers for subsequent season. That might be effectively over the projected cap ($154.6M), however will put the group in place to remain beneath the projected tax line ($187.9M).
Ingram, who continues to be recovering from an ankle harm and whose Raptors debut is probably going nonetheless a bit methods off, is now a part of a core in Toronto that additionally contains Scottie Barnes, Immanuel Quickley, Gradey Dick and RJ Barrett.
