Raptors sign centre Poeltl to multiyear extension
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TORONTO – The Toronto Raptors have signed centre Jakob Poeltl to a multiyear contract extension, the NBA club announced Tuesday.
Financial details were not disclosed, but multiple outlets reported the deal is worth US$104 million over four years.
The 29-year-old from Austria averaged a career-high 14.5 points and 9.6 rebounds, along with 1.2 blocks and 1.2 steals in 57 regular-season games for the Raptors last season.
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He also shot 62.7 per cent from the field, ranking fifth in the NBA among qualified players.
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Poeltl, a first-round pick (ninth overall) by the Raptors in the 2016 NBA draft, was traded to the San Antonio Spurs with DeMar DeRozan in the Kawhi Leonard deal back in 2018.
Poeltl was then traded back to the Raptors in 2023 and signed to a four-year, $78 million contract.
The seven-foot, 245-pound Poeltl has averaged 8.9 points, 7.0 rebounds and 1.3 blocks in 595 career games.
'Toronto has always felt like home for me — I want to be a Raptor for life,' Poeltl said in a release. 'Thanks to (general manager Bobby Webster) and team ownership for believing in me, and to the fans for their amazing support.
'We have a young core that's full of potential and I believe we're ready to take the next step. I can't wait to get together back on the Scotiabank Arena court.'
This report by The Canadian Press was first published July 8, 2025.
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The Market Online
39 minutes ago
- The Market Online
A junior miner and long-term compounder to invest in gold's resurgence
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United States (U.S.) president Donald Trump's aggressive trade policy, which has raised import tariffs on global partners peaked around 25 per cent on steel and between 10-25% on chines Goods, destabilizing long-standing relationships and near-term earnings outlooks in a bid to fortify the U.S.'s role on the world stage. Gold's portfolio support during the currently unstable economic environment, which it has delivered on countless times before – including during the Global Financial Crisis (2008) and the Dot-Com Bubble (2000) – is complemented by a growing consensus about the metal's status as a cash-equivalent asset. According to the World Gold Council, while the metal isn't recognized as a high-quality liquid asset (HQLA) under Basrl II Framework banking regulations – adopted in the U.S., European Union and United Kingdom. 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Exploration has de-risked a 6km x 2.5km corridor together with ongoing permitting, engineering and offtake efforts, as detailed on slide 8 of LAURION's investor presentation from its 2025 shareholder meeting. The junior miner has ushered the wholly owned, 57-square-km project from initial high-grade prospecting in 2008 into an attractive acquisition target backed by cutting-edge geophysics, structural and 3D modeling, and modern data analytics to expand and refine targets. 22 mineralized structures were revealed that have kept LAURION's drill bits spinning for more than 90,000 metres (m) to date. 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These results set the tone for value-accretive fall 2024 exploration, which leads us to the present moment, only a matter of weeks away from the 2025 program. Currently trading at C$0.41, towards the lower end of the range, LAURION stock fails to adequately reflect the underlying company's consistent harvesting of exploration upside over the past three years, continually advancing Ishkõday towards an initial resource estimate and a potentially significant investment outcome, with paths towards both milestones only likely to become clearer as 2025 exploration gets underway, Backed by a current C$8.8 million in cash (C$4 million earmarked for 2025 exploration), and a favorable macroeconomic environment for gold, LAURION is well ahead of the market when it comes to making this investment outcome a reality, having partnered with financial advisor U.S. Capital Global since 2023 to engage with strategic parties, leveraging its extensive network of family offices, institutional funds and industry specialists. Supported by gold's ability to thrive during periods of market uncertainty, such as the present moment, LAURION is confident that U.S. Capital Global will lead it to 'opportunities that have the potential to unlock meaningful shareholder value,' according to an April 2025 news release, with numerous discussions ongoing with interested acquirers and institutional investors. In this way, excessive investor pessimism and green flags for high conviction across the board make LAURION Mineral Exploration a no-brainer when it comes to aligning your portfolio with the highest probabilities of success. Join the discussion: Find out what everybody's saying about this Canadian junior gold miner on the LAURION Mineral Exploration Inc. Bullboard and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
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2 hours ago
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National Post
3 hours ago
- National Post
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