Jakob Poeltl signs four-year extension with Raptors

Jakob Poeltl signs four-year extension with Raptors

The Toronto Raptors have signed center Jakob Poeltl to a four-year, $104 million extension, ESPN NBA insider Shams Charania first reported Tuesday.

According to Charania, he will pick up next year’s $19.5 million player option and add three additional years to it through 2029-30. Thus, he will be adding $84.5 million in new money beginning in 2027-28, his age-32 season

Toronto Raptors center Jakob Poeltl has agreed on a four-year, $104 million contract extension with the franchise through 2029-30, sources tell ESPN. Poeltl will pick up his 2026-27 player option at $19.5M and add three additional years to his deal. pic.twitter.com/wBHnoF5vUV

— Shams Charania (@ShamsCharania) July 1, 2025

Last week, NBA insiders Marc Stein and Jake Fischer reported that there appeared to be mutual interest for an extension after Poeltl was in rumors for former Phoenix Suns star Kevin Durant.

“It remains to be seen how firm that stance is, but league sources say that the Raptors and their very underrated center have mutual interest in hammering out a contract extension in the near future if no trade intervenes,” their report read.

There’s no doubt that Poeltl has been a net positive for the Raptors as a screener, playmaker and rim protector since they acquired him in 2023. He averaged 14.5 points, 9.6 rebounds and 1.2 blocks per game across 57 contests last year.

While it’s becoming more difficult to find starting caliber big men on the market, Poeltl’s new price tag is not nothing relative to what Toronto is paying the rest of their roster. He will only allocate for roughly 14.3 percent of the cap in the first year of his new extension, but the Raptors will have 78.1 percent of the cap allocated to Scottie Barnes, Brandon Ingram, Immanuel Quickley and Poeltl. That’s not accounting for any possible RJ Barrett extension, nor possible extensions for Gradey Dick, Jonathan Mogbo and Jamal Shead.

Not all of those players will receive them. But the point is those books are pretty clogged with players I’m not sure fit together. A lot can happen between now and then, but allocating 15 percent fo the cap to a center, who can’t shoot, pushing his mid-30s when the rest of the cap sheet looks like that isn’t good process.

For their sake, I hope I’m wrong.

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This is a breaking news story. Stay tuned for updates.

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