Lithuanian basketball player Jonas Valanciunas is reportedly in an advanced discussion of contract extension worth $60 million with the Toronto Raptors. The 23-year old center is undeniably a big deal for Toronto-based Canadian basketball team as the player has really developed into a quality center in the last four years. Hence, the team expects more from him to grow at this young age.
According to Marc Stein of ESPN, the discussion between Valanciunas and the Toronto Raptors is on to extend his contract for another four years. An insider’s information revealed that the deal is on the verge of closing and once it is accomplished, Valanciunas would be agreed to join Damian Lillard and Anthony Davis on the list of 2012-2013 rookies.
Experts consider that the Toronto Raptors certainly never wants the seven feet tall Valanciunas to hit the open market as a free agent in 2016. Once he becomes a free agent, any team can deal with him over a mammoth amount. Hence, Toronto Raptors’ decision to close the deal as early as possible really makes sense.
A fixed deal with the Toronto Raptors will reportedly endow Valanciunas with a measure of security to head into the EuroBasket Tournament next month. A Lithuanian basketball coach and former Soviet basketball player, Jonas Kazlauskas made an announcement on Monday to the reporters that Valanciunas is all set to leave the team and return to Toronto for a physical, and confirmed the deal.
The Toronto Raptors considers Valanciunas as the only eligible to enjoy an extension this summer as he was drafted No. 5 by the team in 2011. He was also considered as a top prospect at the 2011 NBA draft. The extension is reported to be done by Oct. 31, 2015 as the date is not only a deadline for Valanciunas, but for all the players who debuted in 2012.
Photo Source: Facebook/Jonas Valanciunas