Report: Raptors reach extension with DeRozan

Forward DeMar DeRozan agreed to a contract extension with the Toronto Raptors, ESPN.com reported.

The deal, which beat Wednesday deadline for renegotiating contracts for future free agents, was for $40 million over four years. ESPN also reported incentives could increase the contract to $46 million.

Last season, DeRozan averaged 16.7 points and 3.3 rebounds for Toronto.