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' search for a new team president is over — they won't have one. General manager Bobby Webster will have his contract extended and take charge of the NBA franchise's basketball operations without a change in title.

The Toronto Raptors have done what was expected and extended the contract of general manager Bobby Webster, making him the unquestioned head of basketball operations, while not formally hiring a president to replace Masai Ujiri.