What happened: The extension is for two years and $115 million, with a player option on the second season. It keeps Leonard under contract in Toronto beyond his current deal into a second stint in Toronto.

Why it matters: Toronto locks its veteran closer alongside Scottie Barnes and RJ Barrett for the 2026-27 push. The commitment follows his return to Toronto this offseason after trade talks stalled earlier this month.

What to watch: Training camp is the next checkpoint for his role in the finalized rotation.