Friday, 10 April, 2020


Kyle Lowry signs one-year, $31-million extension with Toronto Raptors

What Kyle Lowry’s extension reveals about the Toronto Raptors future intentions What Kyle Lowry’s extension reveals about the Toronto Raptors future intentions
Noah Ferguson | 08 October, 2019, 08:48

Sure, losing Kawhi Leonard in free agency was a massive blow to the Toronto Raptors, but it looks like the club was inching closer to potentially losing Kyle Lowry as well.

The 33-year-old Lowry, a five-time National Basketball Association all-star, was slated to become an unrestricted free agent after the 2019-20 season before agreeing on the extension.

The 33-year-old was previously scheduled to become an unrestricted free agent next summer and carries and will earn $33.3 million this season.

According to ESPN's Adrian Wojnarowski, Lowry and the Raptors have reached an agreement on a one-year, $31 million contract extension that will keep him with the team through the 2020-21 National Basketball Association season. Bartelstein said the way Toronto handled the situation and the importance the organization placed on Lowry made a huge impact.

Lowry was wise enough to recognize that $31 million payouts don't come along every day for veterans heading into their 14th season, and the Raptors were sensible enough to avoid getting into a drawn out scrap with a player that has infused the franchise with his will and passion.

The contract has historical significance as well, as it makes Lowry the first player older than 33 to receive an extension that includes a first-year salary-cap hit north of $30 million, per Wojnarowski.

Lowry, a member of the U.S. gold medal team at the 2016 Rio Olympics, averaged 14.2 points, 4.8 rebounds, a career-high 8.7 assists and 1.4 steals a game last season, his 12th National Basketball Association campaign. However, he's still eligible to be traded this upcoming season.

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