DeMar DeRozan

DeMar DeRozan has re-signed with the Toronto Raptors, without testing out free agency.

The All-Star shooting guard has reported signed a five-year deal on Thursday (July 14), worth $139 million.

“I am Toronto,” DeRozan said of re-signing with the team. “Outside of where I’m from, I represent this city harder than anybody. I’ve got so many goals I want to accomplish still; I just can’t wait to put that jersey back on and keep going.”

ESPN says DeRozan took just one meeting this offseason, and that was with hte Raptors, who drafted him ninth overall in 2009.

Last season, he averaged a career- and team-best 23.5 points along with 4.5 rebounds, 4.0 assists and 35.9 minutes in 78 regular-season games. In 20 postseason games, he averaged 20.9 points, 4.2 rebounds and 37.3 minutes… as he helped lead Toronto to its first Eastern Conference final, which they eventually lost to the NBA champion Cleveland.

In addition to DeRozan, the Raptors have signed free-agent forward Jared Sullinger, who averaged 10.3 points and 8.3 rebounds in 81 games with Boston last season.