When asked why a contract extension has not yet been offered, Tanenbaum said the timing wasn’t right. “Masai has a contract that goes for another two years — this season and next season — so there’s really no need at this point (to re-sign him),” he said.
For Tanenbaum, the fevered interest comes with the territory. “He is the best,” said Tanenbaum. “But no team can come to talk to him. That’s tampering. And every owner knows that. Masai is here to stay.”
The Wizards are preparing a six-year, $60 million offer for Raptors president Masai Ujiri, sources tell The Athletic’s Fred Katz and David Aldridge. Washington has been waiting on Ujiri since mid-May and did not want to make an official run at him until the Raptors’ playoff run ended. Owner Ted Leonsis plans to request permission from Toronto sometime soon. The Raptors won their first title in franchise history when they defeated the Warriors 114-110 in Game 6 of the NBA Finals on Thursday.
Although an offer worth $10 million annually would place Ujiri among the league’s highest-paid executives, The Athletic previously reported that Ujiri’s decision likely would not come down to money. Raptors ownership, Maple Leaf Sports & Entertainment, is loaded with revenue and could certainly increase Ujiri’s salary, which is somewhere in the $6 million to $7 million range currently, according to sources.
And then a reporter brought up the Wizards rumour. “I know Masai. Masai is like my son,” Tanenbaum said. “There’s no chance he’s leaving Toronto. You can ask him that one, too. I know Masai. … I think if you asked Masai, he has everything he wants. “We built a championship team together. What more could you want?”
Michael Grange: MLSE owner Larry Tanenbaum when asked about @wojespn report that Wizards owner @TedLeonsis is attempting to recruit Masai Ujiri with a $10-million a year offer and an ownership stake:
The Toronto Raptors announced Friday they have signed President Masai Ujiri to a multi-year contract extension and promoted Jeff Weltman to general manager and Bobby Webster to assistant general manager/vice-president basketball strategy. Ujiri will continue to oversee basketball operations as president of the club. “I am grateful to the Board and Mr. Tanenbaum for the opportunity to continue our progress to build the Raptors into one of the top franchises in the NBA,” said Ujiri. “I’m also excited that Jeff and Bobby are being rewarded for their hard work and valuable contributions to our program. My family thanks the NBA, Raptors players and coaches, staff, Raptors fans, the city of Toronto and Canada for this opportunity. Toronto is home for us.”
The Toronto Raptors and team president Masai Ujiri are in advanced negotiations on a contract extension, according to league sources.
Sources said that the Raptors and Ujiri are nearing agreement on a lucrative new deal that will keep the 46-year-old in Canada for the foreseeable future, even though he still has nearly two years left on the original five-year, $15 million pact he signed with Toronto in May 2013.
January 21, 2021 | 10:54 pm EST Update
Jonathan Feigen: The Rockets will acquire Kevin Porter Jr. from the Cleveland Cavaliers, a source said. @wojespn first. Rockets sending a protected second round pick. Will waive Chris Clemons to open the roster spot.
January 21, 2021 | 10:44 pm EST Update
Shams Charania: The Cleveland Cavaliers are finalizing a trade to send Kevin Porter Jr. to the Houston Rockets, sources tell @TheAthletic @Stadium .
Marc Stein: The Bulls’ Thaddeus Young is finalizing an agreement to purchase a minority ownership stake in Australia’s @BrisbaneBullets , @NYTSports has learned. The deal will reunite Young and his former teammate Kevin Martin, former high-scoring NBA guard who is Brisbane’s majority owner.