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Raptors Guard Kyle Lowry Agrees to One-year, $31M Extension

Five-time NBA All-Star, Kyle Lowry has agreed on a one-year, $31 million contract extension with the Toronto Raptors. This now means that the franchise gets to keep the star guard through the 2020-21 season. NBA Agent, Mark Bartelstein, confirmed the agreement on Monday after a report by ESPN. It had been some time since the star player and franchise had a conversation on the extension, leading to many doubting it would eventually happen. Read on for more on the story below!

Kyle Lowry Agrees to One-year, $31M Extension with the Raptors

Lowry’s Agreement with the Raptors

Lowry’s deal with the Raptors will add to the one-year and $33.3 million which the player is set to earn in 2019-20, totalling to $64 million over the next two seasons. The point guard was entering his third and final year of a $100 million contract with the franchise but now will bypass free agency next summer. This will be Lowry’s 14th NBA season and his eighth with the Raptors, also making him the longest-tenured active member on the roster. In the last five seasons, Lowry has been an All-Star player averaging 14.2 points. Last season, he also had the best 8.7 assists, helping the Raptors to win their first title in the NBA.

“I’m motivated even more than ever now,” said Lowry. “When you get a taste of it, you always want it”.

“I’ve been through the ups and downs. I was able to help bring a championship here, from the time when they were talking about tanking for certain players. I’m not saying I’m the sole reason but I feel like I have a big part of it.”

Lowry joined the Toronto Raptors through trade back in 2012. Despite the extension, Lowry becomes the first player older than 33 to be awarded a deal with a first-year cap hit greater than $30 million.

“I’m going to slow-roll it and make sure I’m fully ready to go when it’s time to go,” said Lowry.

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