Shead and the Raptors agreed to a three-year, $24 million extension Thursday, Shams Charania of ESPN reports.
The Raptors have now secured their backup point guard through the 2029-30 season. Last regular season, Shead averaged 6.6 points, 5.4 assists and 1.7 rebounds in 22.6 minutes per game across 82 outings (12 starts). He's poised for a similar role in 2026-27.