The Toronto Raptors announced Friday they have re-signed three-time NBA All-Star Kyle Lowry to a multi-year contract. Per team policy, financial details were not disclosed.
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“Kyle has been a valuable part of our team’s success the past five years,” said Raptors President Masai Ujiri. “He has grown as a player and person during his time in Toronto and we are excited that he wants to be here to help us continue building a championship program.”
Eric Smith: Lowry says he’s “all in” with the Raptors; wants to take the organization, city, and country to new levels.
Kyle Lowry: But for me, at the end of the day, this was an easy decision. And all of those roads … they all led me back to the same place: home. They all led me back to Toronto. When I got here, five years ago, there was a lot of rebuilding talk. A lot of, Man, this roster, I don’t know … the Raptors gotta blow it up. These experts, I think they wanted us to trade this, waive that, tank this, draft that. That was most of the talk surrounding our franchise. And I was definitely one of the names being included in that talk.
Kyle Lowry: I’m coming back to Toronto because my heart is telling me that it’s home — and because staying home, for me and my family, feels like the right thing to do. My heart is telling me that this is the best city in the world, with the best basketball fans in the world. It’s telling me that the Raptors can be a championship-level team, sooner than later. And I’ll be honest (and don’t hate) — it’s telling me that I’ve still never had poutine.
Michael Scotto: Source: Kyle Lowry and Toronto Raptors have agreed to a 3-year, $100 million deal.
“I could definitely see myself re-signing with the Lakers,” Robinson said. “Business-wise, family-wise and basketball-wise, it makes sense for me. I have a lot of things going for me out here – there are so many opportunities and resources and people I connected with in Los Angeles who helped me. With my family, we were able to get comfortable. It would mean a lot to just stay put here.
Jeff Zillgitt: Growing sense among NBA executives that Kyle Lowry will return to Raptors. Don’t be surprised if deal is three years, approx $27M per season
Josh Lewenberg: Raptors continue to progress towards deals with Lowry and Ibaka, per Woj, but neither is imminent. Raps are still considering going “young”
Michael Grange: Most recent word is Raptors are confident Ibaka and Lowry will get done; facing competition for Tucker.
David Aldridge: Meanwhile, Raptors continue plugging away at potential deal to keep Kyle Lowry in fold. Met with his agent late into night.
Michael Gallagher: Woj on ESPN: Kyle Lowry’s agent has talked to Masai Ujiri a couple times tonight. No deal imminent.
Alex Kennedy: With the Eastern Conference seemingly getting weaker, rival executives currently believe Toronto may re-sign Kyle Lowry and Serge Ibaka.
Leo Beas: Per sources, The Sacramento Kings are very interested in signing Kyle Lowry as free agency approaches. It would require a max contract.
Alex Kennedy: Add the Mavericks to the list of teams pursuing Kyle Lowry, per source. Lowry would help Dallas compete now and he’d mentor Dennis Smith Jr.
Butler was already “in the ear” of Kyle Lowry about joining him in Chicago, and—according to SiriusXM’s Mitch Lawrence—Butler is continuing to recruit Lowry to the Timberwolves. “[Butler] has talked to Kyle Lowry through their Team USA association about coming to Chicago. “Now I heard he’s working on him about coming to Minnesota.”
DeMar DeRozan has made it clear that he won’t try to influence the free-agency decision of friend and All-Star backcourt mate, Kyle Lowry, but the All-NBA shooting guard does have one request for Lowry – just give him a heads up first. “As long as he tells me, and I don’t have to read it, I’m completely fine with it,” DeRozan told theScore on Wednesday, when asked how he’d react to the worst-case scenario of Lowry departing Toronto. “If he comes to me as a man and tells me it’s time to move on, I’ll respect it. It’s just the choices in life we have to deal with. You’re kind of more accepting when somebody close to you like that tells you before they do something, so you’re not surprised just like everybody else. As a friend – me calling myself his friend – I have to just respect it.”
That said, the Raptors don’t want to use more resources than required. They have sent signals in the past that they are reluctant to offer a guaranteed fifth year to a point guard who will turn 32 next season and would prefer to avoid a fully-vested fourth year. “It’s a smart move,” said one player agent. “It means they don’t have to bid against themselves.” “Maybe he gets out there and finds out there’s not a better deal for him,” says another.
One Western Conference executive thought Lowry could get four years and $100 million. Another agent felt confident would get $30-million a year. The catch? Both thought the deals would be from another team. “I’ve heard he wants out, like, yesterday,” said the executive. “From an agent and a player.” Said the agent: “I just heard from a team that they think they are going to get him.”
I’ll sneak in one Raptors question while we’re on the subject. With Kyle Lowry going into free agency, will you recruit him? DeMar DeRozan: Last go around when he was up for free agency, I never once called him and said what he should do. He’d tell you himself. I’ll take the same approach. At the end of the day, he has to make the right decision for himself and his family. No matter how close we are, I never fool with that part of it. When you have a family and that dynamic comes into play, you have to do what’s best for you. He has to be able to live with whatever decision he makes, and as a friend I just have to support him.
Josh Lewenberg: DeRozan was on @TSN1040, reiterated he’s trying not to get involved with or influence Lowry’s decision. “We’ll all know in a week & a half”
The Houston Rockets are aggressively trying to make trades in conjunction with Thursday’s NBA draft to create the needed financial flexibility this summer to pursue a marquee free agent, according to league sources. Sources told ESPN on Wednesday that the Rockets have at least four top-tier free agents in their summer sights: Atlanta’s Paul Millsap, Toronto’s Kyle Lowry and the LA Clippers duo of Chris Paul and Blake Griffin.
“He’s been a part of our organization, and he says he wants to come back,” Ujiri told the media Tuesday morning. “I know, speculation … with the article. We all have ups and downs. There are times when he’s been down, and there are times when we are down. It happens to every team, every player. People go through it. “I know what Kyle has told me. Kyle has been here working out – he actually just left – so I know what he has been telling me. I can only believe what he tells me, not the famous ‘sources.'”
“He’s been a part of our organization, and he says he wants to come back,” Ujiri said Tuesday morning. “I know, speculation … with the article, we all have ups and downs, there are times when he’s been down, and there are times when we are down. It happens to every team, every player. People go through it.”
“I know what Kyle has told me,” Ujiri said. “Kyle has been here working out, he actually just left, so I know what he has been telling me, I can only believe what he tells me, not the famous ‘sources.”‘
Even if the organization did manage to make a deal for a big-time player, Kyle Lowry is a free agent, and multiple league sources say the all-star point guard has been grumbling about dissatisfaction with the Raptors for months. As of mid-May other teams were being told Lowry had “zero interest” in returning to Toronto, even if the Raptors offered a maximum five-year deal.
Philadelphia’s draft move means they can draft dynamic guard Markelle Fultz, which closes a door on the 76ers pursuing Lowry. Which, for the record, was always considered a bit of a fan dance by plugged-in NBA sources.
Marc Stein: Among the many questions post-trade: How does the Boston/Philly deal impact Kyle Lowry’s July? The Sixers are obviously no longer an option.
Toronto Raptors soon-to-be free agent guard Kyle Lowry had a meeting with backcourt partner DeMar DeRozan and Raptors coach Dwane Casey this week in the Bay Area, league sources tell ESPN.
The main impetus for the Casey-led assembly is unclear, but the Raptors are obviously under pressure to re-sign Lowry, who is projected to be one of the most coveted free agents on this summer’s market. Among Casey’s objectives for the meeting, sources say, was to expose his players to the NBA Finals culture.
Josh Lewenberg: Masai says speculation that Lowry wants out is coming from same people that said DeRozan would go to Lakers. “Every year its the same thing”
ASM SPORTS: ASM client @Klow7 has officially opted out of his contract with the @Raptors. He had 7 days from the last game to execute.
Sources have said the North Philly native has been interested in playing for the Sixers for some time. The speculation only heightened once Bryan Colangelo became the president of basketball operations in April 2016. As the Raptors general manager, Colangelo acquired Lowry in a trade from the Houston Rockets on July 11, 2012. The two have remained good friends since then.
Appearing on the 97.5 Midday Show, ESPN reporter Brian Windhorst continued to stoke the Lowry to Philly fire, calling the scenario “in play” (h/t Liberty Ballers): I think it’s in play. I think the Sixers are interested, I would think it would take a max-level contract. I don’t know how Bryan Colangelo feels about paying a 31-year-old a max-level contract, and they’ve also declared that Ben Simmons is going to be their guy. That could be a marriage where you bring Ben along with Kyle, and then by the time Kyle is ready to transition to a more backup role, maybe Ben could be ready, or maybe they want to go with Ben right away. That’s things they haven’t made public yet and I understand why they haven’t.
Sirius XM NBA: Casey says Lowry has earned the right to be a FA, but Lowry knows the franchise is ready to win.
Eric Smith: “I will be opting out” — Lowry confirming what we all ‘knew’ / assumed 👍
Josh Lewenberg: Lowry on free agency: “What adds to the stress is that you’re making a franchise-altering decision, period… This is a real life decision”
The morning after the Raptors’ season ended in a four-game sweep by the Cleveland Cavaliers, DeRozan said he hasn’t thought much about Lowry’s future with the team. “I never looked at it or tried to put it into perspective, what it would be like without him,” DeRozan said. “It’s going to be a decision on him that he’s going to have to make, and I support him 100 per cent. “We gained something that goes way beyond basketball, so that’s why when it comes to things like this, I don’t put the pressure on him, or I don’t say: do this, do that. He’s got to make the decision, as a friend I’ve got to be there to support him.”
Play hardball with Lowry, and he might leave — just like Al Horford bolted Atlanta after the Hawks haggled over that dicey fifth season. Lowry’s a prickly, proud dude, and he will have suitors — including his hometown Sixers. He signed what turned out to be a wildly below-market contract in 2014, and he (justifiably) wants to be paid as a franchise guy. He led the sad-sack Raptors out of the sullen Andrea Bargnani era, to places where they had never been.
DeRozan wants Lowry back, but won’t lobby him, he told ESPN.com on Sunday. “I didn’t call or pressure him the first time, and he didn’t do that to me,” DeRozan said. “I’m just gonna be there for him as a friend.”
Bobby Marks: Kyle Lowry has 7 days to exercise his $12 million player option for 2017-18. Opting out and Lowry would count $18m towards the cap.
Lowry has not been definitive in discussing his impending free agency—at the All-Star game, he would only say that staying in Toronto, “would be an option.” The wrist injury that will keep him out for the rest of the regular season is a tough blow, especially because the Raptors’ future prospects will be part of Lowry’s free-agent decision. If the team stumbles in the early portion of the postseason, Lowry would be more willing to sacrifice the financial advantage the Raptors can offer to explore the market. Lowry was very interested in signing with the Lakers in 2014, but was scared off by the lack of a direction in L.A. That’s changed, and even with D’Angelo Russell in place, Lowry is expected to be a Laker target. Lowry’s hometown Sixers, badly in need of a point guard, figure to be in the mix, too. An outside contender: the Nuggets, who are expected to be aggressive in free agency this summer.
Sources close to the Raptors said this weekend there was almost no scenario in which the Raptors wouldn’t pony up the money unless Lowry told them directly that he does not want to be there. Today, though, that is not the case. Lowry does have a player option worth $12 million, but he is obviously expected to decline it.
Do you want to stay in Toronto? Is that your first choice? Kyle Lowry: When the time comes, then I will worry about it. It definitely will be an option. It’s definitely home. I have been given the keys to it, [and it’s where] I have been most successful. When that time comes, I’ll think about it, but for now I just want to keep winning and try to get to that next level and take it game by game and day by day.
Zach Lowe thinks that the Sixers will absolutely make a run at pending free agent Kyle Lowry this summer. The ESPN journalist spoke on his The Lowe Post podcast with Brian Windhorst Thursday, citing several reasons why the franchise could pursue the veteran Raptors point guard.
Lowry is from Philadelphia, Lowe mentions, and has played under ex-Raptors executive Bryan Colangelo previously. On top of that, the Sixers will have an exorbitant amount of cap space and could benefit from the services of a point guard should they ultimately decide to utilize Ben Simmons in ways other than as a traditional playmaker.
Dwane Casey on Kyle Lowry: “He’s done a good job of being in great shape. I don’t think the free agent year is going to have anything to do with his performance or putting pressure on his play.”
Kyle Lowry plans to opt out of the final year of his contract, he told The Vertical, passing on a $12 million salary in 2017-18 to join a point-guard marketplace that will include the Los Angeles Clippers’ Chris Paul and Golden State’s Steph Curry, who has already said he plans to re-sign with the Warriors.
Lowry, 30, loves the life he has there, the contending core, the endorsement opportunities, the manic fanbase and the chance to someday raise his No. 7 into the arena rafters. Somewhere on the summer market – Philadelphia, New York, perhaps the Clippers, should they lose Paul – there will be an offer in the neighborhood of a max deal for him. Nevertheless, Lowry’s preference is a painless, fast, five-year deal to stay in Toronto, to take him into his mid-30s with the Raptors. “If you’re that franchise’s guy, and you’re the guy that they’ve been rolling with, and you’ve given that franchise everything you have, yeah, I think [the talks] should be easy,” Lowry told The Vertical. “I think it should be a situation where a guy shouldn’t have to talk to another team. DeMar didn’t have the chance to talk to another team. For me, I think that at 12:01 a.m. on July 1 – something should be close. If not, I’m open to seeing what else is out there.”
This is no ultimatum out of Lowry, no threat: It is simply the reality of a robust market, where All-Star players reaching the conference finals are compensated accordingly now. Ujiri makes no negotiating promises in public, but understand: Toronto hasn’t lost a player that it’s been committed to keeping. History’s on Lowry’s side here. “Kyle has been at the forefront of the Raptor movement,” Ujiri told The Vertical. “How he goes, we go. He has helped establish a culture that will grow even more. We really appreciate that. He is a winner, and we want to win.”
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In his typical, laid-back fashion, Wiggins is greeting the life-changing money with a shrug of the shoulders and a “what’s the big deal?” Even though training camp is set to begin on Saturday and the Timberwolves will depart for a preseason exhibition tour in China a week later, Wiggins is in no hurry to finalize the extension and get it off of his plate. “We’ve got until a day before the regular season,” Wiggins said Friday. “So there’s not really no rush or anything. I feel really good about it.”
The process has been muddled by Wiggins’ decision to part with agent Bill Duffy and BDA Sports in August. Players change agents all of the time, but the fact that this move came with a megadeal on the verge of agreement made it a little unique. The ensuing confusion pushed negotiations back and Duffy is taking steps to ensure he receives a commission on the deal, given his significant role in shaping it. “Me and Bill, we were good. Nothing against him at all,” Wiggins said. “It was more from a business point of view from my end. They did nothing but good by my side. I’ve got nothing but positive words for them. I’m just taking it day by day.”
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Maybe this will get him off of social media, or at least lessen his engagement with it. Maybe Russell Westbrook will decline to sign his extension and leave Oklahoma City too. For now though, Durant’s just trying to digest it and find his way back to happy. “He knows he made a mistake,” Kerr said. “He’s embarrassed by it. As I told him, I’ve said a lot of things over my life that I’ve been embarrassed about. It’s part of being a human being.”