NBA News: Brandon Ingram, Raptors Agree to $120M Contract Extension After Trade

After being acquired from the New Orleans Pelicans at last week's trade deadline, new Toronto Raptors forward Brandon Ingram won't be going anywhere anytime soon.

Ingram's agents confirmed to ESPN's Shams Charania that he agreed to a three-year, $120 million contract extension with the Raptors that includes a player option for the 2027-28 season.

Ingram was set to become a free agent this summer, but ESPN's Bobby Marks pointed out that Tuesday's extension makes him the latest player to come off the board from what was expected to be a star-studded free-agent class:

The Raptors sent forwards Bruce Brown and Kelly Olynyk along with a first-round pick and a second-round pick to the Pelicans to acquire Ingram, who had spent the last six seasons in the Big Easy. The 27-year-old has been sidelined with an ankle injury since December, but he averaged 22.2 points, 5.6 rebounds and 5.2 assists in 22 games with New Orleans this season. Charania and Marks noted that he's one of just six NBA players to average 20 points, five rebounds and five assists in each of the last four seasons.

Ingram's extension locks him in as part of a talented young core in Toronto that includes forward Scottie Barnes and guards Immanuel Quickley and RJ Barrett.

The Raptors rank 13th in the NBA with a 16-37 record and are likely to miss the playoffs for the third straight season. However, Ingram's deal should provide some optimism that Toronto will have a bright future when all its pieces come together.