Jul 2, 2014, 11:11 PM EDT
The Raptors made re-signing Kyle Lowry – an All-Star-caliber point guard who led them to the East’s No. 3 seed – their top priority.
Free agent guard Kyle Lowry has reached agreement on a four-year, $48 million contract extension with the Toronto Raptors, league sources told Yahoo Sports.
The deal has an early termination option allowing Lowry the opportunity to become a free agent after the third season.
That’s fantastic value for the Raptors. Signing him to just $12 million per year, they’ll have flexibility in coming seasons to continue upgrading the team.
Most importantly, they’ll have Lowry. Their best player, he should keep the Raptors a challenger in the East.
As for Lowry, he gets more long-term security than he’s ever had in his sometimes turbulent career. Perhaps, he could have drawn more money from another team, but there’s clearly a comfort level in Toronto.
Plus, if he wants to seek a larger deal – especially possible if the salary cap jumps with the new television contract – he can in just three years. Technically, the contract can’t contain an early termination option for the fourth season. (Those are allowed only for the fifth season.) However, a player option is permissible and offers the same de facto functionality.
Meanwhile, the Heat must identify another dream candidate.
Mar 29, 2015, 9:01 PM EDT
All our thoughts are with him.
Mar 29, 2015, 8:00 PM EDT
Monty Williams is not amused.
Mar 29, 2015, 6:30 PM EDT
The Rockets won 99-91 in Washington.
Mar 29, 2015, 5:00 PM EDT
You needed this in your life.
Mar 29, 2015, 3:30 PM EDT
Obviously, the Spurs will match any offer he gets.
Mar 29, 2015, 2:00 PM EDT
This likely means the end of the Nate Robinson era.
Mar 29, 2015, 12:30 PM EDT
Most expect another lockout following the 2016-17 season.
Mar 29, 2015, 11:00 AM EDT
Great execution by the Blazers.
Mar 29, 2015, 9:30 AM EDT
Kanter found a way to motivate the Jazz in the dog days of the season, and the Thunder lost in part because of it.
Mar 29, 2015, 8:00 AM EDT
“You don’t have to be best friends to come out here and work together.”
Mar 29, 2015, 12:26 AM EDT
The Golden State Warriors are the team to beat out West.
Enes Kanter rips Jazz, calls his time there a ‘three-and-a-half-year frustration'; gets booed by fans
Mar 28, 2015, 11:00 PM EDT
Kanter was traded to the Thunder midseason.
Mar 28, 2015, 9:30 PM EDT
MJ’s still got it.
Lakers coach Byron Scott says opposing players have told him during games they’d ‘love to be in L.A. next year’
Mar 28, 2015, 8:00 PM EDT
Big, if true.
Mar 28, 2015, 6:30 PM EDT
Legislation was signed into law in Indiana last week, and has been criticized as one that could legalize discrimination.
Mar 28, 2015, 5:00 PM EDT
Hornets, still fighting for a playoff spot, catch a break.
Mar 28, 2015, 3:30 PM EDT
Van Gundy coached five seasons in Orlando, but was fired after the way the Dwight Howard debacle played out.
Mar 28, 2015, 2:00 PM EDT
Kerr was joking, and making light of a mini-controversy that occurred recently with the Cavaliers.
Mar 28, 2015, 12:30 PM EDT
Clark played key bench minutes the same day he was signed.
Mar 28, 2015, 11:00 AM EDT
Cuban went off after the Mavericks were blown out by the Spurs.
- NBA players’ union head believes new labor deal can be reached without a work stoppage 6
- Kendrick Perkins says you’re blowing the LeBron James/Kevin Love thing way out of proportion 17
- Mark Cuban rips officials, NBA: ‘It’s criminal’ how Monta Ellis doesn’t get calls 25
- Shaquille O’Neal says he regrets leaving Magic for Lakers 43
- Cavaliers coach David Blatt: ‘LeBron James is our MVP’ 22
- No Durant, what does that mean for Thunder in these playoffs? Trouble. 15
- Kevin Durant to have third foot surgery; is done for season, playoffs 39
- Goran Dragic leading feisty Heat’s playoff push 29