Published: Mon, October 07, 2019
Sport | By Kayla Schwartz

Raptors, Kyle Lowry Agree To One-Year Extension

Raptors, Kyle Lowry Agree To One-Year Extension

The final year of Lowry's current contract, which was initially signed in the summer of 2017, will pay Lowry $33.6 million.

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.

Lowry chose to bank on one more year of safety, aware that the 2020 free-agent class will come with its share of competition - pinning him along with Mike Conley Jr.

The Raptors announced on Monday that they've reached a one-year, $31 million contract extension with Lowry, which guarantees him two years and $64 million, including the $33.3 million left on his expiring contract this season, according to ESPN.

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Raptors president Masai Ujiri, general manager Bobby Webster and Lowry's agents at Priority Sports have been trying to work out an extension for months. Now that the Raptors are coming off their title-winning season, the team is eager to build up its roster with Lowry as a key centerpiece.

Since Lowry joined the Raptors in 2012, he's been part of five All-Star teams.

Lowry, who came to the Raptors in a trade with the Houston Rockets in 2012, was one of the key players on Toronto's run to its first National Basketball Association title a year ago.

The 33-year-old's future with the reigning National Basketball Association champions had been debated this summer, with some suggesting the departure of Kawhi Leonard for Los Angeles could push the Raptors to begin a rebuilding process that would necessitate moving on from Lowry.

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