Toronto Raptors president Masai Ujiri could be in line for a contract extension in 2020 that increases both his responsibilities and his compensation, according to a report from ESPN's Ramona Shelburne.

The Raptors have done well under Ujiri's leadership, winning their first championship in franchise history last season. He's a hard worker who has become a respected figure in the NBA. The fact that Toronto might be interested in offering him to an extension should come as no surprise.

There had been conflicting reports regarding whether or not the Raptors had offered an extension already, but Shelburne is reporting that one has not come yet:

Ujiri has two years left on his contract with the Raptors. There has been no discussion about an extension — not even after the Raptors won the NBA title — but it's possible that Toronto ownership could offer an extension in 2020 that expands Ujiri's responsibilities and compensation, league sources said.

The New York Knicks are rumored to once again have interest in chasing Ujiri, but the Raptors will likely do just about everything they can to get him to stay. Ownership certainly wants to keep him around given all the success he has brought to the franchise.

The Raptors gave Ujiri his first front-office job in 2007. After serving as director of global scouting with the team, he was promoted to assistant general manager in 2008. He then spent three seasons as executive vice president of basketball operations for the Denver Nuggets before returning to the Raptors in May 2013 to serve as the team's president and general manager.

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Toronto lost Kawhi Leonard to the LA Clippers this offseason, but Ujiri's Raptors are still playing well. Though they've dropped three of their last four games, Toronto has racked up a 16-7 overall record through the early stages of this campaign.

Interestingly, Leonard will make his return to Toronto on Wednesday night, as the Raptors are scheduled to serve as hosts to the Clippers. Tip-off is set for 7:00 p.m. ET, with ESPN having live broadcast coverage.