Raptors general manager Bryan Colangelo will offer forward Chris Bosh a contract extension this summer.
Colangelo hopes an uncertain economy will be enough to keep the four-time All-Star off the open market and with Toronto for as many as five more seasons.
Bosh has two years and approximately $33 million remaining on his current contract, but can opt out after next season, joining a hotly anticipated group of free agents that could include LeBron James, Dwyane Wade and Amare Stoudemire.
A six-year veteran who averaged 22.7 points and 10.0 rebounds this year, Bosh signed his current contract on July 14, 2006. Under the NBA's collective bargaining agreement, Toronto can re-sign Bosh for three more seasons after the three-year anniversary of that deal.