All-Star shooting guard DeMar DeRozan has agreed to re-sign with the Toronto Raptors, a source told ESPN.
The deal was first reported by USA Today Sports.
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The deal is for multiple years, but the sides are still working on the structure, the source said.
DeRozan expressed a desire to return to Toronto after the Raptors were eliminated from the playoffs, and a source told ESPN’s Tim MacMahon in late June that the shooting guard was focused on re-signing with the team instead of setting up meetings with others once free agency started.
Toronto general manager Masai Ujiri also said retaining the veteran swingman was the team’s No. 1 goal.
Nevertheless, DeRozan did not pick up his player option for 2016-17.
The two-time All-Star averaged 23.5 points per game during the regular season in 2015-16. He has played his entire career with the Raptors, who selected him No. 9 overall in the 2009 NBA draft.
DeRozan, 28, grew up in Los Angeles, having attended Compton High School and USC. Toronto is coming off its most successful season, having advanced to the Eastern Conference finals for the first time in franchise history.
Information from ESPN’s Mike Mazzeo was used in this report.