Report: Jonas Valanciunas close to Toronto Raptors contract extension

The Toronto Raptors are close to sealing a contract extension with center Jonas Valanciunas, according to a report.

The 23-year-old was selected with the fifth overall pick in the 2011 Draft by the Raptors, and has become an integral part of the team in his three years at the club.

As a result, Toronto have been determined to secure the long-term future of the center and are nearing an agreement over a four-year deal worth $60m (£38.5m), reports ESPN.

Valanciunas has averaged 12 points per game in his three years in the NBA.