As expected, the Toronto Raptors and Jonas Valanciunas have come to terms on a four-year contract extension.

The deal is reportedly worth $64 million.

Valanciunas, 23, averaged 12 points and 8.7 rebounds in 80 games for the 49-win Raptors last season.

The big fella, picked fifth overall in the 2011 NBA Draft, would have otherwise hit the open market next summer.