Raptors sign Canadian center Kelly Olynyk to multi-year contract extension

Updated Mar. 4, 2024 9:36 p.m. ET

Associated Press

TORONTO (AP) — The Toronto Raptors signed Canadian center Kelly Olynyk to a multi-year contract extension Monday, less than a month after acquiring him from Utah in a deal ahead of the trade deadline.

“We’ve been a fan of Kelly’s game for a long time and are thrilled he will continue his career in Toronto,” Raptors general manager Bobby Webster said in a statement.

Olynyk's agent told ESPN that the two-year extension was worth $26.25 million.

Olynyk is averaging 8.3 points, 4.9 rebounds, and 4.2 assists in 59 games with the Jazz and Raptors this season.

The 32-year-old Toronto-born Olynyk is in his 11th NBA season. The 13th overall pick in the 2013 draft, he has previously played for Boston, Miami, Houston, Detroit, and the Jazz. Olynyk also played for the Canadian team that won bronze at the 2023 FIBA World Cup.

Toronto acquired Olynyk and guard Ochai Agbaji on Feb. 8, sending guard Kira Lewis Jr., forward Otto Porter Jr., and a 2024 first-round draft pick to Utah.

Also Monday, the Raptors signed forward Mouhamadou Gueye to a two-way contract and waived guard Markquis Nowell, the 5-foot-8 Harlem native who starred for Kansas State at last year’s NCAA Tournament.

The Raptors are 23-38, 12th in the Eastern Conference.

All-Star forward Scottie Barnes is out indefinitely after breaking his left hand in Friday’s loss to Golden State. The Raptors announced Monday night that Barnes had undergone surgery in Los Angeles. Also, center Jakob Poeltl exited Sunday’s win over Charlotte because of a dislocated pinkie.

On Monday, the Raptors said Poeltl and guard Bruce Brown (right knee) would miss Tuesday’s game against New Orleans. Brown also sat out Sunday.

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