Kyle Lowry resigns with Toronto


According to the following published report:

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.

It worked.

Adrian Wojnarowski of Yahoo Sports:

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.

Published by bklynboy59

Welcome to Smallthoughtsinasportsworld. We keep it fun and we keep interesting and informative. On Tuesdays we go back in time with Old School Tuesdays, on Thursdays we keep it fun by Smallthoughts Trivia Thursday and on Fridays ...it is Smallthoughts: Rant of the Week and Smallthoughts:Rave of the Week and we also post the answer from Smallthoughts:Trivia Thursday. I am a lifelong New York Mets, Knicks and Jets and Giants fan. I root hard for my teams and have rooted for them even when it wasn't and in some cases still isn't easy. I enjoy talking sports, and on here I get to write about it as well. I have my thoughts hence Small thoughts, we will not always agree, but respectfully speak about what we feel. I invite your comments and feedback as well. You can also follow me on twitter @bklynboy59 and facebook Jerry bklynboy Small

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