Toronto Raptors

Report: Masai Ujiri agrees to 'significant new deal' to become Vice Chairman and President of Toronto Raptors

The Toronto Raptors can breathe a sigh of relief.

According to ESPN's Adrian Wojnarowski, Masai Ujiri has agreed to a "significant new deal" to become the franchise's Vice Chairman and President.

The Raptors shared the following video prior to Wojnarowski's report, in which Ujiri said he loves "being the leader of the Toronto Raptors" and that he's "here to stay."

Ujiri joined the Raptors in 2013, signing a five-year contract to be the team's Executive Vice President and General Manager. His contract was then extended in 2016, and he took over as the franchise's President of Basketball Operations.

Ujiri's contract was set to expire soon, per Wojnarowski. He was reportedly "courted by several pro franchises beyond NBA's boundaries."

Following the regular season, Ujiri said that he'd have conversations with the team's ownership before deciding his next move.

"So what's the next lift? What's the next five years? What's the next 10 years? What are we doing to put ourselves in the conversation with all the great teams and all the winners? That's what we want to do, and that's the conversation that I'm going to have with [ownership]. And, yes, I'm going to have asks, and I'm going to have a lot of things that I think we need to put forward here to address these things, and I think ownership is open to hear this.

"In terms of that conversation, that's going to be had."

As a member of the Denver Nuggets, Ujiri was named the league's Executive of the Year for the 2012-13 season. Under his leadership in Toronto, the Raptors won the franchise's first-ever championship in 2019.

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