JULY 8: The Raptors have announced the new contract with Quickley (Twitter link).
“Immanuel embodies so many things that are important to our team,” team president Masai Ujiri said. “… He wants to win and he will be a Raptor for years to come. We are very high on I.Q. – our point guard of the future.”
JUNE 28: Immanuel Quickley, a restricted free agent this offseason, intends to re-sign with the Raptors, according to Shams Charania of The Athletic, who reports (via Twitter) that the guard will receive a five-year contract worth $175MM.
Quickley, the Sixth Man of the Year runner-up in 2022/23, was the centerpiece of the Raptors’ return in the OG Anunoby trade with the Knicks in December, arriving in Toronto midway through the season along with RJ Barrett.
The fourth-year guard averaged 18.6 points, 6.8 assists, and 4.8 rebounds per game with a .395 3PT% in his first 38 games as a Raptor, establishing himself as part of the team’s long-term future.
As we wrote when we ranked Quickley seventh in our list of this summer’s top 50 free agents, Tyler Herro (four years, $120MM, plus incentives), Jordan Poole (four years, $123MM, plus incentives), and Devin Vassell (five years, $135MM, plus incentives) were expected to be a few points of comparison for the guard’s contract negotiations this summer.
While it remains to be seen if Quickley’s $175MM will be fully guaranteed, the 25-year-old appears poised to land a bigger payday than any of those players by securing an annual average value of $35MM per year.
It’s the second major financial commitment the Raptors will make to a cornerstone piece this summer. The team also reportedly intends to sign Scottie Barnes to a five-year rookie scale extension that will begin in 2025/26 and will be worth a projected $225MM.
Neither deal can become official until July, and Toronto may not rush to formally complete Quickley’s deal, since his cap hold is just $12.5MM. If they end up operating under the cap, the Raptors can use up all their room while keeping that hold on their books, then go over the cap using Quickley’s Bird rights to sign him to his new deal.
Quickley is the fifth free agent in the top 10 of our top-50 list to reach an agreement with his team during the new exclusive negotiating window between the end of the NBA Finals and the official start of free agency on June 30. He joins Anunoby, Pascal Siakam, Nic Claxton, and Malik Monk as players who have agreed to remain with their current teams. The other players in our top 10 are Paul George, Tyrese Maxey (who is considered a lock to remain in Philadelphia), LeBron James, DeMar DeRozan, and James Harden.
Seems like a lot for Quickly
That is why NYK traded him, not going to pay him that to be their 6th man.
I love IQ one of my favorites to watch in the NBA but not a chance I’m paying him that. Especially considering the reigning 6MOTY is only on a 3/41m deal (Naz got fleeced)
He’s worth 27mil per at the most…
Don’t agree with the dollar amount, but I can see why. Quickley is a do-everything PG in the vein of Kyle Lowry. Not that level yet, but he could be. He’s an elite defender for a guy his size and shoots the lights out with good passing chops.
Why not just let someone offer him a deal and match it? So he’s basically a not as good version of Coby White and makes 3 times as much….
White’s a better pure scorer, but Quickley is a better playmaker, defender, and 3pt shooter than White. They’re really not all that similar. Also White’s deal was signed the prior offseason, before his breakout.
Quickley is also an elite catch and shoot guy, and has been since before he got drafted. Play him off Barnes and Barrett, and that should be a strong fit. He’s a good third, or secondary playmaker, and can defend the guard spots, and still attack closeouts
He just hasn’t always been used right, so people undervalued him early. Still, this feels like a lot, but it obviously has something to do with the new media rights deal, but also, this is the type of guard you want to pair with your primary star/playmakersbin today’s NBA, and he is getting paid like it
Very well stated formerlyz.
It sounds like IQ is receiving the benefits of the new deal. Plus, we only know that his deal is UP TO that 35m a year, we don’t know the actual guarantees he’s going to receive over the life of the deal.
Anyways, the Raptors needed to get this deal done and lock up IQ. They were almost forced to do it, and a large part of that is due to IQ’s performance down the stretch after the trade.
IQ, Barnes, RJ, Poeltl, and Walter are a very solid foursome for this Toronto team to build around moving forward, and they should get some contributions from some pf their other younger role players with the hopes they can see a player or two emerge.
Wow. I’m a fan of IQ, but that’s a bit of an overpay. $25-28M per would’ve been my estimated range, but he’s getting paid. They’ve got three locked up, looks promising.
IQ is one of my favorite players in the league. Very happy for him. But just as happy that it’s not the NYK that are paying this salary.
Hopefully, for him and TOR, he can, as a starter, grow into the salary. The dearth of talent around the league, and the worst personnel system in sports, lead to the current pricing power of any good young player who might become available. IQ wasn’t even a UFA.
Quickly not better than RJ,definitely not as consistent.
Excellent news! The PG market is shallow and supply and demand is a thing.
We will see what the actual total is. It’s worth UP TO 175.
Knicks won that trade
rct ——-
another reason he had to get moved.
OG thanks you by the way … waay
Makes more than Randle, Brunson, Mitch, IHart, and Thibs
Well, Al, when you’re right, you’re right. That is a LOT of money for IQ. I guess I’m on Team KnickerbockerAl for now. In OG and Thibs we trust.
As bulls fan,i always love thib.to bad knicks didnt re-signed hartenstein,
IQ. Wow that’s a lot of money good for him. What’s Barretts next deal worth? Let’s go Knicks. I much rather have OG and Mikal than RJ and IQ.