Brandon Ingram Signs $120 Million, 3-Year Contract Extension with Raptors, Reports Say

The Toronto Raptors have reached a significant agreement, finalizing a three-year contract extension worth $120 million for Brandon Ingram, as confirmed by a team insider. This news was initially reported by ESPN. This deal comes shortly after the Raptors acquired Ingram just a week ago.

The contract features a player option for the 2027-28 season, which may enable Ingram to hit the unrestricted free agency market before he turns 30. The length of the extension is the maximum allowable of three years.

Last week, the Raptors traded for Ingram, parting ways with Bruce Brown, Kelly Olynyk, a protected 2026 first-round pick from Indiana, and a second-round selection to the New Orleans Pelicans in exchange for the former All-Star. The Pelicans had sought to trade Ingram since the offseason to revamp their roster around Zion Williamson, but interest was limited due to his injury history and upcoming free agency.

Despite Ingram’s absence since December 7 due to a sprained ankle, the Raptors feel they have secured a promising player at a reasonable acquisition cost, hoping he can enhance their struggling half-court offense.

“He’s young and on the verge of his prime. He’s certainly not a finished product,” stated Raptors general manager Bobby Webster regarding Ingram, who will turn 28 in September. “We’re looking forward to a fresh start for him. He’s had some tough luck with injuries in New Orleans, and we’re eager to see how he can perform with us.”

Prior to his ankle injury, Ingram also dealt with calf soreness earlier this season. Historically, he has faced several lower-body injuries during his time with New Orleans, including a bone contusion in his left knee last season and a sprained toe that sidelined him for 29 games in the 2022-23 campaign.

With this move, the Raptors have solidified their anticipated starting lineup of Ingram, Immanuel Quickley, RJ Barrett, Scottie Barnes, and Jakob Poeltl through the 2026-27 season (noting that Poeltl holds a player option for that final year). Depending on the structure of Ingram’s contract, the team could be looking at a salary commitment of around $172 million to ten players for the upcoming year. NBA teams must maintain at least 14 players on their roster, and the Raptors are expected to draft a high-to-mid lottery pick, especially as they head into their game against Philadelphia with a record of 16-37.

The projected luxury-tax threshold for next season stands at $187.9 million. To navigate this financial situation, the Raptors may need to trade a player, as maintaining fiscal discipline has often been a focal point for the organization during rebuilding phases.

This season, Ingram is averaging 22.2 points, 5.6 rebounds, and 5.2 assists per game across 18 appearances. Currently, there is no timeline for his return to action.