According to Yahoo! Sports' Adrian Wojnarowski, the Toronto Raptors and Terrence Ross reached an agreement on a three-year contract extension, worth nearly $33 million, just before the extension deadline at midnight.
Ross, 24, was set to become a restricted free agent next summer had an agreement not been reached. Ross plays behind All-Star DeMar DeRozan and DeMarre Carroll on the wing, providing additional scoring off the bench. Ross did, however, start 61 of Toronto's 82 games last season and dropped 51 points two seasons ago on the Clippers, cementing his presence as a legitimate scorer in the league.
Last season, Ross averaged 9.8 points per game on 41% shooting from the floor and 37.2% from three.