General manager Bryan Colangelo agrees to multi-year extension with Raptors

Bryan Colangelo is remaining with the Toronto Raptors.

The team’s president and general manager confirmed to The Canadian Press that he has agreed to a multi-year contract extension with the Raptors.

Colangelo has spent five years at the helm of Canada’s lone NBA team, and his contract was set to expire on June 30th.

The Raptors finished with the third-worst record in the league this past season at 22-60.

Colangelo, 45, won the NBA’s executive of the year after the 2006-07 season when the Raptors captured the Atlantic Division title and tied a franchise record with 47 wins.

There’s no word yet on the future of head coach Jay Triano. The Raptors have until mid-June to exercise the option year on his contract.

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