The deal is official, the Raptors announced (Twitter link). It’s worth $64MM over four years with a player option on the fourth year, according to Adrian Wojnarowski of Yahoo! Sports (Twitter links). Bonuses could bring the total value to $70MM, Wojnarowski also indicates.

“Jonas’ contributions continue to improve with each season and we view him as a significant part of what we are building in Toronto,” Ujiri said in the team’s press release.