Siakam signs four-year, $130M extension with Raptors

Pascal Siakam earned a well-deserved raise yesterday. (Stan Behal/Toronto Sun)

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Masai Ujiri told us it was coming. Saturday it finally got done.

A four-year extension worth $130 million US for Pascal Siakam, the new focal point of Nick Nurse’s offence now that Kawhi Leonard has left.

The news was first reported by ESPN’s Adrian Wojnarowski and Zach Lowe.

A year ago Siakam was the league’s Most Improved Player. This year, barring a huge reversal of fortune, Siakam should be earning his first NBA all-star invite.

Coming into the season and looking down the list of what each Raptor was making, it just didn’t jive.

The top earners start with Kyle Lowry, Marc Gasol, and Serge Ibaka and then, way down the list in the ninth spot was Siakam, who was making $2.351 million per season.

He’ll still make that number this year but at least there’s a huge bump now guaranteed the next four years.

Siakam will remain behind Norm Powell, Fred VanVleet, Patrick McCaw and newcomers Stanley Johnson and Rondae Hollis-Jefferson until his new deal kicks in next season. At that point only Lowry’s $31 million will top Siakam’s take-home pay.

The Raptors had until Monday to offer the extension or they would have had to wait until the off-season. But they have been so up front in pushing Siakam as the face of the offence, it was really something that couldn’t wait.

Siakam wasn’t going anywhere but he’s got security now and can go ahead with a clear mind and just focus on the coming season.

Getting this deal done now, as opposed to waiting, made a ton of sense for both parties.

The Raptors open the season Tuesday at home against New Orleans when the championship banner will be raised to the rafters and the championship rings doled out. All 19,800 in attendance will also receive a replica ring.

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