Colangelo is likely to offer Chris Bosh an extension

The Globe and Mail is reporting that Bryan Colangelo is likely to offer Chris Bosh a contract extension this summer. It is noted that Bosh has two years remaining on his present contract but has the option to opt out of his present deal after next season to become an unrestricted free agent.In the article it is reported that “"Chris is still the best player on this team and thus will remain the cornerstone of the franchise," Colangelo said Monday, recapping Toronto’s 33-49 season. "I will sit down and talk to him and his agent this summer about the possibility of signing an extension."
With the salary cap expected to go down and world financial markets still in flux, Colangelo expects the economy to "change options for players." As such, he’ll pitch security and stability to Bosh when they begin negotiations.
"It’s not out of the realm of reason, especially with the changing economic climate and where things are, there might be a model that actually looks safer to sign the deal now," Colangelo said. "We will explore that, we’ll talk about it. I’m sure he’ll review those alternatives and options and we’ll see if it makes sense for him. If not, there’s still no reason to panic and trade Chris Bosh."

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