The Toronto Raptors have signed Nick Nurse, the reigning NBA Coach of the Year, to a multiyear contract extension.

The Raptors announced the extension Tuesday but did not disclose terms.

"Our confidence in Nick just continues to grow, and part of that comes from what we've experienced together," Raptors president Masai Ujiri said in a statement released by the team.

"The past two seasons have been unlike any other in our team's history -- first, winning our championship, and then navigating a global pandemic and committing long-term to the fight against racism and for social justice. Nick has proved that he can coach on the court and lead in life, and we're looking forward to accomplishing great things in the future."

Nurse, formerly a Raptors assistant for five seasons, has a 111-43 record in two seasons as the head coach and guided the franchise to its first NBA title last year. Toronto went 53-19 this season and was the No. 2 seed in the Eastern Conference before losing to the Boston Celtics in seven games in the Eastern Conference semifinals.

"My family and I will always be appreciative of Larry Tanenbaum and MLSE ownership for this opportunity. I'm grateful to Masai, [GM] Bobby [Webster], and the players for their trust and their hard work," Nurse said in a statement.

"Toronto has been my home for the past seven years, and I look forward to it being home for many more. I've watched this franchise grow and reach the pinnacle, and I look forward to the challenge of helping us win another championship."