Veteran big man Jakob Poeltl will sign a contract extension with the Raptors, sources tell 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.
According to Charania, the four years beyond ’25/26 will be worth $104MM in total, which means Poeltl is getting $84.5MM in new money on the three newly added seasons. That works out to roughly $28MM per season.
The deal includes a trade kicker, according to Michael Scotto of HoopsHype (Twitter link), who states that Poeltl hopes to play the rest of his career in Toronto. Jake Fischer of The Stein Line adds (via Twitter) that the final year is only partially guaranteed for $5MM, though that there are triggers that could increase that partial guarantee.
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 29-year-old center put up career-best numbers this season, averaging 14.5 points and 9.6 rebounds in 29.6 minutes per night, but he was limited to 57 games. Josh Lewenberg of TSN Sports states (via Twitter) that Poeltl sat out games late in the season despite being healthy, which he likely wouldn’t have agreed to do unless he knew he had a new contract coming.
Poeltl has been the Raptors’ starting center since being acquired from San Antonio at the 2023 trade deadline. He’s a strong contributor on both ends of the court, shooting 62.7% from the field this season while posting 1.2 blocks and 1.2 steals per game.
Toronto refused to include Poeltl in recent trade talks with Phoenix involving Kevin Durant. The Suns reportedly asked for Poeltl and received a “firm” no from the Raptors.
The new contract means Poeltl can’t be traded for the next six months, according to cap expert Yossi Gozlan (Twitter link).