NBA Rumor: Kyle Lowry Extension?

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Kyle Lowry wants indication from whoever trades for him that they'll give him max extension

The Sixers and Miami Heat are having talks with the Toronto Raptors to acquire the six-time All-Star point guard in a trade. However, Lowry, 34, wants some indication that a potential destination is willing to give him a two-year extension at a minimum $25 million a year, according to sources. He’s making $30 million in the final year of his Raptors deal.

Part of Lowry’s slow playing training camp was driven by an effort to maintain some control of his destiny. If the Raptors weren’t going to give him an extension, sources close to Lowry say, he was prepared to hold out and try and force a deal to a destination of his choosing rather than allow the club to control the timing. But it never came to that. Lowry was wise enough to recognize that $31 million payouts don’t come along every day for veterans heading into their 14th season, and the Raptors were sensible enough to avoid getting into a drawn out scrap with a player that has infused the franchise with his will and passion.

All-Star point guard Kyle Lowry understands why Kawhi Leonard would leave for the Los Angeles Clippers, but the longtime leader of the Toronto Raptors has no desire to bolt Canada. “I want to be there — I would love to do a long extension, but we’ll see what happens,” Lowry said. “I’m here for USA Basketball and (to) support the guys and be around the group. I would love to be there long term, but we’ll have that discussion when the time is right.”
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June 28, 2022 | 11:28 am EDT Update

June 28, 2022 | 11:13 am EDT Update
The Nets and Irving did come close to an agreement late last week, sources said, before talks stalled out. Sources said Irving had three potential opt-in-and-trade options available to pursue before making his final decision. Across the league, there are only five teams with projected salary-cap space: Detroit, San Antonio, Orlando, Indiana and New York, with all wanting to build around younger players or prioritizing other free agents. For their part, the Lakers were much more motivated to have Irving sign as a free agent than they were in acquiring the three-time All-NBA guard via trade, sources said. And as Irving went through his opt-in-and-trade options — as well as the potential of joining the Lakers in free agency — the decision to return to Brooklyn crystalized.
Irving’s agent, Shetellia Riley Irving, and the Nets front office held extensive and productive extension discussions over the past six days, with sources on both sides describing good-faith negotiations to reach a new deal. The Nets and Shetellia Riley Irving worked through various proposals, including a two-year max extension that included incentives based on games played as well as a four-year max that included two years guaranteed and triggers for years three and four based on the games played in years one and two, sources said. Irving showed a willingness to accept an incentive-based deal before a final counter was made to the Nets, according to sources: a short-term contract extension protecting both sides with a player option. Brooklyn declined.
Several teams are expected to continue to pursue Irving via trade, but his opt-in makes clubs consider more closely whether to trade assets in a deal for a player who will enter unrestricted free agency in 2023. Teams across the league understand Irving’s talent, and now a full season in 2022-23 allows him the opportunity to prove himself once again, then return to the market and earn a maximum contract next summer. Multiple sources with knowledge of his decision said Irving wants to prioritize winning a championship next season and show why he’s one of the best players in the league.