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.
Jul 29, 2014, 6:22 PM EDT
CSKA-Moscow wants to poach Scott from Atlanta Hawks
Jul 29, 2014, 5:37 PM EDT
Johnson gets NBA contract after eventful summer league
Jul 29, 2014, 4:55 PM EDT
I’m not sure Love is taking advice from Minnesota right now
Jul 29, 2014, 4:11 PM EDT
Lakers introduce Scott as new coach in press conference
Jul 29, 2014, 3:24 PM EDT
Rose said he was disappointed but he understands ‘Melo’s decision.
Jul 29, 2014, 2:22 PM EDT
Want to see LeBron strip down to his underwear?
Jul 29, 2014, 1:44 PM EDT
Lakers guard confirms he’s planning on retirement
Jul 29, 2014, 1:11 PM EDT
Donald Sterling isn’t going away, but he’s pretty much done as the Clippers owner now.
Jul 29, 2014, 12:28 PM EDT
Yes, you read that headline correctly
Jul 29, 2014, 12:22 PM EDT
The question with Cousins is never talent, but his maturity seems to be there.
Jul 29, 2014, 11:44 AM EDT
Jason Kidd or Byron Scott could hire former Seattle SuperSonic
Jul 29, 2014, 11:11 AM EDT
Irving wouldn’t get full 30 percent of adjusted salary cap by triggering Derrick Rose rule
Jul 29, 2014, 10:33 AM EDT
Atlanta selected 7-foot-3 center No. 43 in 2014 NBA draft
Jul 29, 2014, 9:55 AM EDT
Previous report said Griffin fractured back during Clippers’ playoff run, which ended before backflip video was posted
Jul 29, 2014, 9:22 AM EDT
Thunder forward says he’s improving, but ‘it’s going to take time’
Jul 29, 2014, 8:45 AM EDT
Former 76ers and Nets general manager now Memphis’ executive vice president of player personnel
Jul 29, 2014, 8:00 AM EDT
Charles Barkley is a generous man.
Jul 29, 2014, 1:32 AM EDT
It wasn’t pretty getting there, but the union has a leader again.
Jul 29, 2014, 12:30 AM EDT
It’s been a good summer to be Kyrie Irving. Really good.
Jul 28, 2014, 11:44 PM EDT
Clippers big man reportedly suffered injury during playoffs
- Byron Scott makes ridiculous optimism sound reasonable 26
- Derrick Rose told Carmelo Anthony that if he came to Chicago “the game would be easy” 30
- LeBron James strips on stage, throws clothes into crowd (video) 18
- Is DeMarcus Cousins the big man Team USA can lean on? 14
- Lakers make it official — finally — and hire Byron Scott as head coach 13
- Derrick Rose: “I’ve become a smarter player, but I’m mad it took me seven years to learn it.” 29
- Shelly Sterling beats Donald Sterling in court, clears sale of Clippers to Steve Ballmer 69
- Report: Timberwolves have talked to Sixers about Thaddeus Young as Kevin Love replacement 26