TORONTO — Kawhi Leonard and the Toronto Raptors are nearing agreement on a contract extension following his trade from the Los Angeles Clippers this week, a move that would add up to $126 million over two seasons on top of his $50.3 million salary for the 2026-27 season.
The two sides have long been expected to reach an extension this offseason, and talks have accelerated since the trade was completed. Leonard is coming off a standout 2025-26 season in which he averaged 27.9 points, 6.4 rebounds, 3.6 assists and 1.9 steals, earning an All-NBA selection for the seventh time in his career. Those averages highlighted his continued two-way production in Los Angeles.
Under league rules, Leonard can sign for the maximum two-year, $126 million addition to his current contract, which would keep him tied to Toronto beyond his existing $50.3 million deal for 2026-27. The two-year figure represents the maximum allowable addition to his deal for next season, providing continuity for a Raptors team building around his scoring and defensive production after his All-NBA campaign.
The potential extension follows the Clippers' official blockbuster trade sending Leonard to the Raptors this week, marking his return to Toronto. If finalized, the agreement would solidify the Raptors' core heading into the 2026-27 season with Leonard positioned as the franchise centerpiece.