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.
Oct 30, 2014, 12:45 PM EDT
Bulls center has discussed Phil Jackson with his younger brother
Oct 30, 2014, 11:55 AM EDT
Gasol was dominant opening night, and Derrick Rose is thrilled to finally have some help.
Oct 30, 2014, 11:26 AM EDT
Awesome block by Buck
Oct 30, 2014, 10:51 AM EDT
Warriors shooting guard met starter criteria in game against Kings
Oct 30, 2014, 10:09 AM EDT
They wouldn’t be the Suns and Timberwolves, would they?
Oct 30, 2014, 9:30 AM EDT
Celtics point guard photographed in T station
Old tweets: Kevin Durant uses gay slurs (including at Russell Westbrook), Damian Lillard rips LeBron James
Oct 30, 2014, 9:00 AM EDT
Oct 30, 2014, 8:30 AM EDT
Rough first night in the NBA to be guarded by Tony Allen.
Oct 30, 2014, 8:00 AM EDT
New owner could recoup money over next 15 years
Oct 30, 2014, 2:45 AM EDT
Good night to be the Trail Blazers. Not so much for Kobe Bryant.
Oct 30, 2014, 12:27 AM EDT
Boston tops Brooklyn, 121-105
Oct 29, 2014, 11:57 PM EDT
Taj Gibson and the second unit took control of this one.
Oct 29, 2014, 11:13 PM EDT
While the Lakers were flirting with ‘Melo, the Suns came knocking for Thomas.
Oct 29, 2014, 10:35 PM EDT
The pride of Long Beach State.
Oct 29, 2014, 9:51 PM EDT
Hornets point guard hits game-winning jumper in overtime against Bucks
Oct 29, 2014, 9:36 PM EDT
Charlotte makes large comeback
Oct 29, 2014, 9:15 PM EDT
Oct 29, 2014, 8:33 PM EDT
Barea helped Dallas win 2011 championship, but how much does he have left in the tank?
Oct 29, 2014, 7:55 PM EDT
Young Tom Brady dressed as a Celtic
Oct 29, 2014, 7:15 PM EDT
Here’s your chance to see ‘Melo as a knife-wielding henchman.
- Dominant Pau Gasol shows he may be a perfect fit for Bulls 3
- Old tweets: Kevin Durant uses gay slurs (including at Russell Westbrook), Damian Lillard rips LeBron James 18
- Wednesday night’s NBA winners, losers: Chris Bosh wants you to know he is a No. 1 option 17
- Rajon Rondo leads Celtics to rout of Nets. How much does it mean? 8
- Bulls cruise to 24-point opening night win over Knicks 16
- Lakers’ rookie Julius Randle has surgery to repair fractured tibia, out for season 16
- Anthony Davis has zero chance of winning MVP this season 38
- Dwight Howard says he wants to move on from Kobe, Lakers. Actions show feud going strong. 49