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DeMar DeRozan staying with Raptors

Toronto Raptors' DeMar DeRozan (10) smiles from the bench at the Air Canada Centre, in Toronto on Monday, April 18, 2016.
Toronto Raptors' DeMar DeRozan (10) smiles from the bench at the Air Canada Centre, in Toronto on Monday, April 18, 2016. THE CANADIAN PRESS/Frank Gunn

DeMar DeRozan turned the biggest year of his career into a very big contract.

The All-Star shooting guard is staying with the Toronto Raptors and agreed early Friday on the basic framework of a five-year deal, a person with knowledge of the negotiations told The Associated Press.

DeRozan and the Raptors still had some financial terms to complete but the sides agreed that he would be staying put, according to the person who spoke on condition of anonymity because the talks were ongoing.

USA Today Sports first reported that DeRozan and the Raptors had reached a deal.

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DeRozan can sign on or after July 7, when the league’s off-season moratorium on player movement expires.

DeRozan has spent all of his seven NBA seasons with the Raptors. He averaged a career-best 23.5 points this past season, when he helped Toronto reach the Eastern Conference finals.

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Keeping DeRozan was an absolute top priority for the Raptors. He’s wildly popular in Toronto and has been throughout each of his first seven pro seasons, but probably never more than he is now.

WATCH: Raptors President and General Manager Masai Ujiri said last month that winning attracts free agents

Click to play video: 'Raptors GM Ujiri rejects idea that players don’t want to play in Toronto'
Raptors GM Ujiri rejects idea that players don’t want to play in Toronto

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