Masai Ujiri joins the Raptors as president and vice-chairman.
Ujiri was hired as president of basketball operations of Toronto in 2013, and he led the team to its first championship in 2019.
Masai Ujiri has reportedly agreed to become the Toronto Raptors' vice-chairman and president.
The team released a video on social media Thursday in which Ujiri declares that he is "here to stay" with the team and also details the philanthropic work he intends to continue.
The team did not confirm the terms of Ujiri's deal or the title he would assume immediately.
Ujiri led the Raptors to the NBA title in 2019 following a series of bold moves, including the trade of star DeMar DeRozan for Kawhi Leonard and the previous summer's decision to fire coach Dwane Casey and replace him with Nick Nurse.
The Raptors made the playoffs seven consecutive seasons under Ujiri before missing the postseason this season due to COVID-19 restrictions that required them to play home games in Tampa, Fla.
Ujiri was hired as an assistant general manager in Toronto in 2008 before becoming the general manager of the Denver Nuggets. He was rehired by the Raptors in May 2013 to run basketball operations.