Raptors sign guard Norman Powell to multi-year contract extension

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A Raptors official confirmed the four-year extension to The Canadian Press on Thursday after it was first reported by ESPN.

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The team did not disclose financial details of the deal, which was reported to be worth US$42 million.

“I was in shock, you know. It’s a big thing when you’re looking down at the cheques of what the offer’s going to look like,” Powell said with a smile. “It’s crazy, especially the way I grew up struggling just trying to make it.

“It still hasn’t sunk it yet, I don’t know when it will but it’s a great feeling to have.”

In two seasons with the Raptors, Powell has averaged 7.3 points, 2.2 rebounds and 16.7 minutes in 125 career games (42 starts) and owns averages of 6.4 points, 2.0 rebounds and 16.0 minutes in 27 playoff appearances.

“Norm is a young, athletic and versatile player who has worked extremely hard to improve each season,” Raptors president Masai Ujiri said in a release. “We view Norm as a significant part of our team going forward.”

Powell was selected by Milwaukee with the 46th overall pick in the 2015 NBA Draft. The Raptors acquired him on draft night from the Bucks along with a protected future first-round pick in exchange for guard Greivis Vasquez.

Powell posted averages of 8.4 points, 2.2 rebounds and 18.0 minutes in 76 appearances last season. He scored in double figures 31 times, including six games with 20-or-more points and led the bench in scoring 13 times.

Powell played four seasons (2011-15) at UCLA, averaging 9.8 points, 3.0 rebounds and 25.2 minutes in 141 career games.

Powell proclaimed at training camp that he’s in the best shape of his life after a gruelling off-season regime that included three workouts most mornings — at 5 a.m., 7 a.m., and 9 a.m. — at different gyms. His rest was the 15-minute drive between gyms. The reason behind the laborious schedule, he explained, was to train his body while fatigued.

When the Raptors bade farewell to Canadian guard Cory Joseph, DeMarre Carroll, and Patrick Patterson this past off-season, it swung open a door for young players such as Powell. The six-foot-four Powell is expected to either start or be the first option off the bench.

“I’m ready for it,” Powell said on media day of the chance to play major minutes this season. “It’s what I’ve worked for. It’s what I’ve fought for my first two years.”

The Canadian Press