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NBA Free Agency: Raptors re-sign DeMar DeRozan for 5 years, $139 million

DeMar DeRozan will be back in Toronto for the foreseeable future.

Dan Hamilton-USA TODAY Sports

Regardless of how you feel about DeMar DeRozan the player, the vote of confidence he gave the organization in not booking any other meetings and re-signing with the Raptors within the first 3 hours of free agency has to be looked on as a feel-good story for the fanbase.

And now it's paid off with a deal:

Remember, this is a guy that's been around since Chris Bosh left:

If the $139 million figure is daunting to you, keep in mind Timofey Mozgov got $65 million over 4 years and Bradley Beal just got ~$130 million over 5. In terms of traditional cap numbers, DeRozan's contract looks pretty fair:

So, our guy's back, and Terrence Ross and Jonas Valanciunas are locked up on bargain deals. Happy Canada Day indeed!