Published: Mon, July 03, 2017
Markets | By Lucia Cruz

NewsAlert: All-star point guard Kyle Lowry to re-sign with Toronto Raptors

NewsAlert: All-star point guard Kyle Lowry to re-sign with Toronto Raptors

The move comes after the Raptors re-signed forward Serge Ibaka to a three-year $65 million deal earlier Sunday. Tucker has signed a four-year contract worth US$32 million with the Houston Rockets.

If Lowry is coming back, Toronto has at least kept together a talented core it can compete with, no matter what the limited ceiling is against LeBron James and the Cleveland Cavaliers in next year's playoffs (at least most of the Eastern Conference has dropped off a cliff).

The immediate reaction to this news is that it feels like a Kyle Lowry agreement is on the way. Outside DeRozan, Lowry, and Ibaka, there's little chance the Raptors starting five (and depth chart) will look anything like last seasons.

As for his salary, the $21 to $23 million he will receive ($20M in year one, $21M in year two and $23M in year three, according to Spotrac.com) is right around what he's worth based on the current National Basketball Association landscape. President Masai Ujiri has been a wizard navigating bringing back his top talent, ensuring they get paid, but not on crippling terms. Ibaka will be a mid-range fantasy prospect this season.

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Acquired from the Orlando Magic in a trade for Terrence Ross and a first-round pick, Ibaka averaged 14.2 points and 6.8 rebounds in 23 games after the All-Star break deal.

"His style of play fits our style of play", Raptors coach Dwane Casey said when the trade was made.

This is huge news for the Toronto Raptors, as the team could not afford to lose Lowry to free agency. It's possible that the Raptors took this into account and bumped up the annual salary for the three seasons, making it more valuable than something with a fourth year attached to it.

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