Toronto, ON (SportsNetwork.com) - The Toronto Raptors and head coach Dwane Casey have agreed in principle on a new three-year contract that runs through the 2016-17 season.
Casey, who led the Raptors to a franchise-record 48 regular-season wins and their first playoff appearance since 2007-08 during the 2013-14 campaign, was slated to have his original contract expire at the conclusion of the season.
Toronto was ousted by Brooklyn in a hard-fought seven-game series during the Eastern Conference quarterfinals, with the Nets taking the deciding Game 7 by a 104-103 score Sunday at the Air Canada Centre.
"From day one last summer Dwane has done an excellent job both on-and-off the court," Raptors president and general manager Masai Ujiri said in a statement Tuesday. "There's been growth from each player on the roster and the team's identity of toughness and a desire to always compete has clearly been established.
"We're very excited to continue to grow and develop this team with Dwane as our head coach."
The Raptors have improved their victory total in each of Casey's three years at the helm, going from a 23-43 mark during the lockout-shortened 2011-12 season to 34 wins prior to claiming their second-ever Atlantic Division title with a 48-34 record in 2013-14.
"I thank Tim (Leiweke) and Masai for providing me and my staff the platform this season to coach and now to continue the process of developing this young team," Casey said. "We have taken some big steps toward our goal of installing a culture and a defensive mindset.
"At the same time we realize the challenge ahead in order to complete our quest to build a championship program for the best fans in the NBA!"
Casey has gone 105-125 with the Raptors and owns an overall 158-194 record as a head coach. The 57-year-old previously directed the Minnesota Timberwolves from 2005-07.