Report: Barnes intends to sign 5-year, $270M extension

Toronto Raptors All-Star forward Scottie Barnes intends to sign a five-year maximum rookie extension that could be worth up to $270 million, sources told ESPN's Adrian Wojnarowski.

Barnes' reported deal would keep him in Toronto through the 2029-30 season and make him the highest-paid player in Raptors history. He'll sign the pact on July 6 when the NBA's free-agency moratorium ends.

The 22-year-old will make a minimum of $224.9 million over the deal, according to Keith Smith of Spotrac. Barnes' contract also reportedly increases from 25% of the Raptors' cap to 30% if he makes All-NBA or ALL-Defensive teams or wins MVP.

Barnes is coming off his first career All-Star appearance. He averaged 19.9 points, 8.2 rebounds, 6.1 assists, 1.5 blocks, and 1.3 steals over 60 games in 2023-24, his third NBA campaign.

A hand fracture in March forced Barnes to the sidelines for the final 22 games of the regular season. The Raptors finished the campaign with a 25-57 record, missing the playoffs for the second straight year.

Toronto drafted Barnes fourth overall in 2021 from Florida State. He won Rookie of the Year after averaging 15.3 points in his debut campaign, helping lead the club to a postseason appearance.

The Raptors still have several notable free agents, including starting point guard Immanuel Quickley and wing Gary Trent Jr.