Kelly Olynyk is staying in Toronto.
The veteran center has agreed to a two-year, $26.25 million contract extension with the Toronto Raptors per Adrian Wojnarowski.
The deal will keep Olynyk under contract with Toronto through the 2025-26 season:
Toronto Raptors center Kelly Olynyk has agreed on a two-year, $26.25 million contract extension, Jeff Schwartz of @excelbasketball tells ESPN. Deal is the max that Olynyk was able to extend on. pic.twitter.com/KjFBVsI15u
— Adrian Wojnarowski (@wojespn) March 4, 2024
Olynyk was acquired from the Utah Jazz on Feb. 8 in a deal that included guard Ochai Agbaji for Otto Porter Jr., Kira Lewis and a 2024 first-round draft pick.
The 32-year-old has averaged 9.6 points, 4.2 rebounds, and 2.9 assists coming off the bench for Toronto in 9 games since the trade.
Olynyk’s three-point shooting is down a bit but he has been a solid backup big for the Raptors.
The Raptors now have two rotation players looking for new deals in Immanuel Quickley and Gary Trent Jr.
Quickley is a looking like a lock to re-sign with the Raptors when he enters restricted free agency this summer.
Meanwhile, Trent Jr.’s future with Toronto is up in the air. The guard will be an unrestricted free agent this offseason.
Raptors general manager Bobby Webster commented on signing Olynyk to a contract extension:
“We’ve been a fan of Kelly’s game for a long time and are thrilled he will continue his career in Toronto. In addition to his unique skill set and ability to stretch the floor, Kelly is a leader and brings a veteran voice to our locker room.”
Raptors make other roster moves
The Raptors were busy on Monday. Before they re-signed Olynyk they made some other roster moves.
Toronto waived Markquis Nowell and added Mouhamadou Gueye and Jahmi’us Ramsey.
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