T.J. Ford and the Raptors are on the verge of reaching an agreement on a contract extension, according to league sources that spoke with Globesports.com.

"[They're] working on getting something done, I'm optimistic," said one source close to the negotiations who did not want to be identified.

"It just always seems to be the case in negotiations," the source said. "There have been no particular sticking points, it's just a matter of the process working itself out."