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Report: Raptors will offer Kyle Lowry contract that starts at $12 million

Jun 30, 2014, 10:55 PM EDT

Brooklyn Nets v Toronto Raptors - Game Seven Getty Images

The Raptors seem serious about re-signing Kyle Lowry.

And they’re offering a contract that will be extremely difficult for Lowry to reject.

Marc Stein of ESPN:

Stein is responding to a number Marc J. Spears of Yahoo Sports since retracted, so ignore the $14.5 million starting salary. The report is $12 million.

For a bird-rights player like Lowry, his salary can increase or decrease annually by up to 7.5 percent of his first-year salary. That means a deal that starts at $12 million could be worth anywhere between $51 million and $69 million over five years – and any portion of that could be unguaranteed. Knowing the starting salary is an indicator, but it’s not enough to show the true value of the contract.

Soon, we’ll get more clarity on Toronto’s offer. Either way, these are substantial numbers for Lowry.

  1. rrhoe - Jun 30, 2014 at 11:06 PM

    Well now,so much for him taking less “just” to play with LeBron.

  2. ringjames - Jun 30, 2014 at 11:11 PM

    So the question now becomes ” would you rather be in Toronto for $12M or in Miami for $10M? “

    • elrock7 - Jun 30, 2014 at 11:34 PM

      Easy answer, Toronto.

      Lowry wants nothing to do with the south beach.

      The Heat are run by James , Bosh and Wade, Riley is just a sap!

      • antistratfordian - Jun 30, 2014 at 11:57 PM

        Toronto is too frigid for most of the NBA season. No one wants to deal with that. Lowry could still get paid and win rings in nice weather. He can make up the difference in salary with endorsement opportunities he’ll get from more national/international exposure. No?

      • gatorfan1 - Jul 1, 2014 at 1:15 AM

        National/International? Has anyone heard of this guy much before this year. He will make some local car dealership or Subway/Supercuts commercials but no way will that make up any salary differential of millions of dollars spread out over 4-5 years!

    • chiadam - Jul 1, 2014 at 12:33 PM

      The real question is how on Earth will the Heat offer him $10 million. James is going to max out. Thanks to the Derrick Rose rule in the new CBA, that means James get 30% of the cap. Bosh wants $17 million. Wade will get his lifetime achievement award contract. That leaves very little room to sign an entire roster (since the only Heat player under contract might be traded).

  3. campcouch - Jun 30, 2014 at 11:29 PM

    The money is guaranteed,the championship is not.

  4. jasper36 - Jun 30, 2014 at 11:45 PM

    Is this what people do cheer every time someone doesn’t sign with the Heat?

    • irvfin3 - Jul 1, 2014 at 3:27 PM

      I wouldn’t blame them if they’re fans of teams in the East. Miami’s been running the East for 4 straight years.

  5. gatorfan1 - Jun 30, 2014 at 11:59 PM

    There is no way Miami can offer 10 million. The cap is 63 million and now that “The Queen ” wants 22 million it will get interesting. Wade will get at least 10 & Bosh will get somewhere around 15 million. That’s 47 million for the “The little 3″. They only have 5 guys signed, that will leave 13 million to sign 7-10 players. Good Luck with that!!

    • dj3garrett - Jul 1, 2014 at 1:17 AM

      You seem worried by who they might sign…

      • gatorfan1 - Jul 1, 2014 at 1:22 AM

        Yeah, I’m not sure WHAT your reading or your comprehension skills, but nowhere in that post does it say anything about who “I’m scared” of that the Heat may sign.

  6. saint1997 - Jul 1, 2014 at 1:06 AM

    I’m skeptical Miami would ever be able to take a run at him but LA have the cap room and I’m pretty sure the Mavs would be interested too. Frankly – my sleeper pick is I think Atlanta should flick Teague somewhere for a quality 2 guard (should have tried for Afflalo) and make a run at Lowry

  7. dj3garrett - Jul 1, 2014 at 1:15 AM

    Fans who dislike the Miami Heat are on here adding up different contract situations regarding Miami’s players… Praying that they won’t have enough to sign good free agents… Haha why am I the only one that finds that odd… Why do you guys care about the Heat so much?

    • gatorfan1 - Jul 1, 2014 at 1:27 AM

      There it is!!! Now that is a post from someone who just woke up and realized Miami has few options to signing any meaningful players. You seem worried who they might sign…or who they can’t sign.

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