Jakob Poeltl will sign a new four-year, $104MM contract with the Raptors, according to Shams Charania of ESPN (Twitter link). Poeltl will pick up his $19.5MM player option for the 2026/27 season and add three more years to the deal.
Agents Michael Tellem and Sam Goldfeder of Excel Sports considered several options for Poeltl, including an extension while declining the option, Charania adds (Twitter link), but the decision to opt in was made to give the Raptors more flexibility over the next two years.
The new contract means Poeltl can’t be traded for the next six months, according to cap expert Yossi Gozlan (Twitter link).
More to come …