Lowry announces he will return to Raptors

Posted July 03, 2017

Now, the Raptors are turning all of their attention to re-signing point guard Kyle Lowry, which they are expected to do.

"When I had to make my free-agency decision, there was a lot going through my head, a lot of roads my mind was traveling down", Lowry wrote in the Players' Tribune article titled "Home."

The Toronto Raptors have retained one of their key free agents, signing forward Serge Ibaka to a three-year deal on Sunday, a source confirmed to The Canadian Press. Lowry will sign a three-year deal worth $100 million, according to a person with knowledge of the negotiations who spoke to The Associated Press on condition of anonymity because terms were not revealed publicly.

For Ibaka, this deal pays him the contract he was likely looking for and also leaves him with a chance to earn another contract since he will be 31 years old once this deal expires.

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There are also rumours of Toronto discussing a trade with IN that would see Cory Joseph head to the Pacers IN order to free up cap space. It's a minor detail on the surface, but for a cap-strapped team like the Raptors it matters greatly. Ibaka and Lowry share the same agent and I would imagine Ujiri has at least worked out the framework of what a new deal would look like for Lowry.

I'm sad that many people will have read a rumor and will have made a false assumption that can last forever, while they maybe will not read what I'm writing now. It's a win-win for all involved. The answer right now? No. He's going to have to move some salaries around as the club will be $13-17 million over the tax as The Athletic Toronto's Eric Koreen notes. The Raptors are 2-8 against the Cavs in the playoffs the last two seasons.

Ibaka came to the Raptors last season from the Orlando Magic.