The Toronto Raptors' search for a new team president is over, with general manager Bobby Webster having his contract extended to be the team's head of basketball operations. The NBA team will not appoint a president at this time.

The Toronto Raptors are appointing general manager Bobby Webster as the team’s head of basketball operations and the sides have reached a new contract, sources tell ESPN. Webster joined the Raptors in 2013 as Masai Ujiri’s first hire and now lands the top executive role.