Pascal Siakam Signs Lucrative Contract Extension with Toronto Raptors
Four-Year Deal Worth $136,905,216 Announced
Siakam to Receive $37,893,408 in 2023-2024 Season
Pascal Siakam has signed a four-year contract extension with the Toronto Raptors, according to Spotrac. The deal is worth a reported $136,905,216.
Siakam is entering his eighth NBA season and has established himself as one of the league's top rising stars. He was named an NBA All-Star in 2020 and 2021 and was a key contributor to the Raptors' 2019 NBA championship victory.
The new contract will see Siakam earn $37,893,408 in the 2023-2024 season, making him the 20th highest-paid player in the NBA for that year. The deal also includes a player option for the 2027-2028 season.
Siakam's signing is a major boost for the Raptors, who are looking to build on their success from last season. The team finished with a 48-34 record and lost to the Philadelphia 76ers in the second round of the playoffs.
Siakam is expected to play a major role for the Raptors this season, alongside fellow All-Star Fred VanVleet and reigning Rookie of the Year Scottie Barnes. The team is hoping to make a deep run in the playoffs and contend for a second NBA championship.
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