The Toronto Raptors have reached an agreement with EuroLeague star Matt Thomas on a three-year contract, according to multiple reports.
Varlas Nikos of Eurohoops.net was first to break the news, while Shams Charania of The Athletic reports the deal is worth $4.2 million.
The 24-year-old spent four years at Iowa State from 2013-2017 before heading overseas. He spent the 2017-18 season with Obradoiro CAB in the Spanish league. The 6-foot-4 shooting guard then signed a two-year contract with the Valencia Basket but the deal came with an opt-out clause that allowed him to pursue an opportunity in the NBA.
Thomas is best known for his terrific three-point shooting, connecting on 47.7 per cent of his attempts from beyond the arc in 2018-19.
Overall, he averaged 12.7 points per game for Valencia this past season en route to a EuroCup title where he went 10-for-16 from distance in the Finals.