Free agent DeMar DeRozan has agreed to a five-year, $139 million-plus deal with the Toronto Raptors, league sources told The Vertical.
The deal does not include a player option, sources said.
DeRozan held his free-agent meetings in Los Angeles, prioritizing a winning franchise and a significant financial commitment.
DeRozan had his best pro season in 2015-16, averaging 23.5 points, 4.5 rebounds and four assists in 78 games. DeRozan entered free agency wanting to re-sign with Toronto after helping the Raptors rise to contention.
Toronto reached the Eastern Conference finals this past season, losing in six games to the eventual champion Cleveland Cavaliers.
DeRozan has averaged 18.1 points, 3.9 rebounds and 2.6 assists in seven NBA seasons with Toronto. The Raptors selected DeRozan out of USC with the ninth pick in the 2009 NBA draft.
DeRozan will be able to officially sign when the NBA’s free-agent moratorium ends on July 7.