Terrence Ross and the Toronto Raptors continue to discuss a contract extension ahead of the Nov. 2nd deadline.

Ross said he's hopeful of getting a deal done.

"We're working on it so we'll see what happens," said Ross.

Ross also said it would be "an honor" to get an extension.

Raptors 905 have traded for Sim Bhullar from the Reno Bighorns for Ricky Ledo.

Raptors 905 are the D-League affiliate of the Toronto Raptors.

Bhullar was born and raised in Toronto.

Michael Friisdahl has been appointed President and Chief Executive Officer of Maple Leaf Sports & Entertainment and that he will begin in his new position in December, 2015.

“Given our unparalleled sports executive and team leadership, MLSE’s CEO search focused on the appointment of a seasoned Canadian business executive to lead the organization and we’ve found exactly what we were looking for in Michael,” said Mr. Tanenbaum. “As both an entrepreneur and a C-level executive in consumer-facing businesses at the Canadian and international level, Michael has shown an unwavering commitment to delivering for the customer. His focus will be on supporting our fans and our teams while maximizing the potential of MLSE’s iconic sports, entertainment and real estate assets.”

“It is a true privilege to be chosen to lead MLSE, a proudly Canadian sports and entertainment company that rivals any in North America and indeed the world. As a Torontonian, I’m thrilled by the opportunity to focus all of our resources on supporting the Leafs, Raptors, TFC, Marlies, Raptors 905 and TFCII, and making Toronto the championship city that our fans deserve,” said Michael Friisdahl. “We have Toronto FC in the playoffs, Raptors 905 tipping off next month, NBA All-Star and the World Cup of Hockey at Air Canada Centre in 2016, Grey Cup 2016 at BMO Field and the 100^th anniversary of the Maple Leafs in 2017. These are exciting times for Toronto, indeed for all Canadian sports fans, and I’m very proud to be leading the MLSE team that will deliver for them.”

Friisdahl has served as President and Chief Executive Officer of Air Canada’s Leisure Group since it was formed in 2012, combining Air Canada Vacations tour operations with Air Canada rouge, the company’s successful leisure airline. 

Friisdahl’s predecessor Tim Leiweke was appointed CEO of MLSE in April 2013 and announced in August 2014 that he would depart the company to pursue new equity opportunities in the sports and entertainment industry.

The Oklahoma City Thunder led the NBA in efficiency differential during the preseason with a mark of +12.5.

During the 14-15 preseason, the Golden State Warriors had the league's best mark with +11.0, which became a first indicator of their jump as title contenders.

Here's the full rankings from the 15-16 preseason:

1. Thunder: 12.5
2. Celtics: 11.6
3. Grizzlies: 11.5
4. Wizards: 10.4
5. Hornets: 10.0
6. Pistons: 7.1
7. Raptors: 5.6
8. Pacers: 4.7
9. Knicks: 4.0
10. Suns: 3.9
11. Nuggets: 3.5
12. Kings: 3.3
13. Magic: 2.8
14. Blazers: 1.8
15. Jazz: 0.4
16. Heat: 0.0
17. Hawks: -0.7
18. Rockets: -0.7
19. Nets: -1.0
20. Warriors: -1.3
21. Spurs: -1.9
22. Lakers: -2.1
23. Bucks: -3.4
24. Bulls: -3.6
25. Pelicans: -3.6
26. Clippers: -4.2
27. Cavaliers: -6.5
28. 76ers: -8.6
29. Mavericks: -10.7
30. Wolves: -11.0

The Toronto Raptors have waived guard Shannon Scott, guard-forward Axel Toupane and forwards Michale Kyser and Ronald Roberts.

Scott totaled two points, four rebounds, two assists and 16 minutes in two outings.

Toupane appeared in two games where he was scoreless with two rebounds in 21 minutes.

Kyser was held scoreless with two rebounds in five minutes in his lone preseason appearance.

Roberts saw action in three preseason contests recording 10 points and eight rebounds in 23 minutes.

Terrence Ross and the Toronto Raptors have until Nov. 2nd to agree upon a contract extension.

Sources say the likelihood of an agreement is 50-50 as of now.

The Raptors signed DeMarre Carroll in the offseason meaning Ross will come off the bench in a new role. Ross averaged 9.8 points, 2.8 rebounds and 1.0 assists in 25.5 minutes per game last season. Ross' PER and scoring efficiency have not improved over the course of his three NBA seasons.

Eric Koreen (@EKoreen) of the National Post joins Nate Duncan (@NateDuncanNBA) to preview the Toronto Raptors season.  

Topics include: Whether Kyle Lowry can get back to where he was the first half of last year, if Jonas Valanciunas can take the next step (especially defensively), which of the young players on the roster can emerge, and his grade for Masai Ujiri's regime as GM.

Subscribe to the Dunc'd On Basketball Podcast on iTunes or via the XML feed.

Click here for other team previews from the Dunc'd On Basketball Podcast.

Anthony Bennett is hoping his third NBA season is when his career is revived now that he's joined his hometown Toronto Raptors.

"Lots of ups and downs," Bennett told Yahoo Sports prior to the Raptors preseason game against the Golden State Warriors. "There a couple [things] you got to avoid. There are also a lot of people you have to have in your circle, like family and friends, who tell you to keep your head up. That's pretty much what I've been going through."

Bennett's selection as the first overall pick came as a surprise to many.

"It was surprising," Raptors general manager Masai Ujiri told Yahoo Sports. "We didn't know if there was a clear-cut guy. It was a random draft a little bit."

Bennett was asked if he wishes he wasn't selected first overall due to the extra pressure and attention.

"I'm cool with it," he said. "Going No. 1 made history for Canada. For myself, it was a big accomplishment, but it's a lot of work."

"We look at giving Anthony an opportunity to actually grow and be a player," Ujiri said. "It's not a one-year thing here. It's going to take time. All that No. 1 pick and all that stuff, we had a conversation with him. Let's move on from that. Now it's about how you become a very good NBA player, which we all know he can be."