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Report: Raptors, Leonard Nearing Agreement on Contract Extension

The deal could reach $126.1 million over two years as Toronto seeks to secure Leonard after the trade and an NBA investigation cleared the way.

  • On Thursday, Bleacher Report's Jake Fischer reported the Toronto Raptors and star Kawhi Leonard are in "advanced discussions" on a two-year contract extension potentially worth up to $126 million.
  • The trade sending Leonard back to Toronto became official on Monday after the NBA concluded its investigation into alleged salary cap circumvention, resulting in the Los Angeles Clippers losing five future first-round picks.
  • Toronto surrendered significant assets to secure the 35-year-old Finals MVP, including All-Star Brandon Ingram, Gradey Dick, two unprotected first-round picks, a pick swap, and two second-round picks.
  • While Leonard remains under contract for $50.3 million this season, the Raptors are prioritizing this extension to bolster competitiveness within the Atlantic Division after finishing 46-36 without a true superstar.
  • Nonetheless, the timing of these extension talks remains surprising given Leonard's lengthy injury history and off-the-court baggage, as there are currently no indications the team will offer the full $126 million maximum.
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The 35-year-old forward is expected to sign a two-year contract worth $126 million.

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  • 67% of the sources are Center
67% Center

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Sportsnet broke the news in Canada on Thursday, September 17, 2026.
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