The Toronto Raptors have reached an agreement with guard Jamal Shead on a three-year, $24 million contract extension, according to his agent, KJ Smith.
The agreement gives Toronto additional continuity in its backcourt, keeping Shead under contract as the franchise continues to build out its roster. The extension represents a commitment to the guard as part of the Raptors’ plans moving forward.
Shead’s new deal adds clarity to his future with the organization and ensures he remains in place beyond his current contract situation. Financial terms of the extension are set at $24 million over three years.