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New Toronto Raptors star Brandon Ingram has agreed to a three-year, $120 million contract extension with the franchise, including a player option.

Brandon Ingram is on his way out of New Orleans. The Pelicans are sending him to the Toronto Raptors in exchange for Bruce Brown Jr., Kelly Olynyk, a first-round pick (top-four protected via the Indiana Pacers in 2026) and one second-round pick, according to league sources.

Per ESPN’s Shams Charania, the Raptors and newly acquired forward Brandon Ingram have agreed to a three-year, $120 million extension. The Raptors picked up Ingram via a trade last week with New Orleans that saw the Pelicans get Bruce Brown, Kelly Olynyk and two future Draft picks.

Wednesday, the eve of the trade deadline, ended up being Ingram’s last day as a Pelican. It's a trade that feels a lot like one the Saints made in early November when they traded Marshon Lattimore. Both Ingram and Lattimore will go down as arguably the best player at their position in their team's history. Both were plagued by injuries.

This is one of the most exciting NBA trade deadlines in recent memory and yet another deal broke with Brandon Ingram heading to the Raptors. After spending several years with the Pelicans as a centerpiece return for New Orleans in the original Anthony Davis blockbuster,

Ingram was in his sixth season with the Pelicans after being acquired in 2019 in the trade that sent Anthony Davis to the Los Angeles Lakers. Ingram had some highs and lows with the Pelicans. He was named to the All-Star game for the first and only time in his career in 2020. He was also voted the NBA’s Most Improved Player that season.

New Toronto Raptors star Brandon Ingram has agreed to a three-year, $120 million contract extension with the franchise, including a player option in 2027-28, Klutch Sports CEO Rich Paul, agents Shy Saee and Mike George told me and @BobbyMarks42. pic.twitter.com/rN9D2qZW1c

Breaking: The New Orleans Pelicans have traded Brandon Ingram to the Toronto Raptors for Bruce Brown Jr., Kelly Olynyk, one first-round pick and one second-rounder, sources tell ESPN. pic.twitter.com/tI4jo2cYhM

There was a time when it seemed like Zion Williamson and Brandon Ingram were going to lead the next era of New Orleans Pelicans basketball, but