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Toronto Raptors sign Jonas Valanciunas to extension

Toronto Raptors star Jonas Valanciunas signs a new four-year contract extension with the franchise.

Toronto Raptors center Jonas Valanciunas has signed a multi-year contract extension, the organisation has announced.

It is reported that the deal is for four years, and includes a player option entering the fourth year that would allow Valanciunas to be a free agent in 2019.

"Jonas's contributions continue to improve with each season, and we view him as a significant part of what we are building in Toronto," Raptors president and general manager Masai Ujiri said in a statement.

The 23-year-old has averaged 10.9 points, 8.0 rebounds and 1.1 blocks in three seasons with the Raptors.

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Jonas Valanciunas #17 of the Toronto Raptors drives against Al Horford #15 of the Atlanta Hawks at Philips Arena on February 20, 2015
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