Masai Ujiri and the Toronto Raptors are engaged in advanced discussions on a contract extension.

Ujiri has two seasons remaining on his five-year, $15 million deal signed in May of 2013.

Ujiri won NBA Executive of the Year honors in 2012-13 with Denver in his final season with the Nuggets, then joined the Raptors and has been steadily building them into a contender.

The Raptors reached the Eastern Conference Finals this past season.