According to Adrian Wojnarowski and multiple sources, the Toronto Raptors have been able to reach a deal to extend Terrence Ross' contract for another three years. The deal is worth just under $33 million according to the latest reports.
Ross is an intriguing prospect. Throughout his first three seasons and three games, Ross has averaged 9.2 points and 41% shooting. In this time, Ross has been in the slam dunk contest twice, winning it once. The high-flyer has shown bundles of potential. He has shown steady improvement on his jump shot and is actually shooting 46.2% on the season so far from downtown. Ross, with his athleticism, is as good a transition threat as anyone in the league. He is also a capable defender, but due to leaping ability and speed, should be better on that side of the ball.
Ross is currently coming off the bench, even after spending a majority of the past two seasons as part of the starting lineup. But the emergence of James Johnson as a good perimeter defender, along with the signings of Corey Joseph and DeMarre Carroll, are bound to keep Ross strapped to the bench.
The three year, $33 million contract he signed, to me anyway, doesn't make a lot of sense.
The Raptors got him on a very cheap contract and while many would disagree with that statement, remember that the cap is going up to $90 million next season. Ross's team would've made it clear to Masai Ujiri and his front office of the cap situation, that Ross has a lot of potential, but also, DeMar DeRozan is an unrestricted free agent this summer. This should have pushed Ross's value up, possibly to around $13 million a year. Not to mention that he his restricted this summer and I'm absolutely sure, that with the amount of money out there for the upcoming offseason, Ross would've gotten paid a heck of a lot more than what he got.
Ross's decision may not have been about the money however. Many contract extensions during or before the season often are decided because the player wants security in case of an injury. If this was the reason though, wouldn't it make sense that he would go for four or five years, rather than three?
The only other reason why Ross would take less money, is if he really likes living in Toronto or wants to raise a family. This seems like the only reason I can actually think of to explain why Ross would've taken this amount of money.
Anyway you look at it, this is a great move by the Raptors to get one of their up and comers on a deal that in a few years (due to the cap) is going to look cheap.