Masai Ujiri turned down a massive contract extension offer from the Toronto Raptors last offseason, according to sources that spoke with Howard Beck of Bleacher Report.

The contract of Ujiri is believed to run through the 20-21 season, but has an out clause under certain circumstances.

It is believed Ujiri would like to keep his options open at this time.

The New York Knicks are known to have interest in Ujiri.