TORONTO - Chris Bosh signed a three-year contract extension with the Raptors on Friday beginning in 2007-08, with a player option for a fourth year.
Bosh, the former Georgia Tech standout, signed a deal similar to fellow class of 2003 stars LeBron James and Dwyane Wade, who bypassed five-year deals for three years with an option for a fourth - and the chance to become free agents sooner and potentially make more money.
The exact value of Bosh's contract will not be known until the next salary cap is set in July 2007, but based on some cap projections, it could be worth about $63 million over four years.
Bosh said all the losing in Toronto has been rough, but he likes the moves new general manager Bryan Colangelo has made since he was hired in February. The Raptors haven't made the playoffs in five years.
76ERS: Despite the persistent trade speculation, Allen Iverson said he wants to stay with Philadelphia - but only if the team wants him.
HORNETS: After acquiring Peja Stojakovic to start at shooting guard, New Orleans traded guard Kirk Snyder to the Houston Rockets for cash and a conditional second-round draft pick in 2008.
GRIZZLIES: Memphis on Thursday signed Tarence Kinsey, a rookie free agent guard from South Carolina who led the team to an NIT championship last season with 15.8 points a game.
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