Toronto Raptors re-sign Kyle Lowry

The Toronto Raptors announced Thursday they have re-signed free-agent point guard Kyle Lowry to a multi-year contract. According to multiple reports, the deal is for $48 million over four years.

“We made it known that our top priority heading into the offseason was to re-sign Kyle,” said Raptors President and General Manager Masai Ujiri. “He was a key to our success last season and we are delighted that he wants to be here in Toronto to help us continue to build a championship program.”

The eight-year veteran played a key role in leading the Raptors to a club record 48 wins and their second Atlantic Division title in team history.

Lowry, 6-foot, 205 pounds, posted career highs in points (17.9), rebounds (4.7), assists (7.4), field goals made (457), three-pointers made (190), three-point percentage (.380), free throws made (313) and minutes (36.2) in 79 contests, all starts, during the 2013-14 season. He ranked seventh in the NBA in assists per game and tied for eighth in three-pointers made.

Lowry paced the Raptors in scoring on 19 occasions and in assists in a team-high 61 outings. He scored in double figures 72 times with 35 games of 20-or-more points. He posted double-digit totals in assists in 19 contests. He became the fourth Raptors player to record two triple-doubles in the same season. Lowry had 39 games with multiple steals, including nine straight games from November 15 – December 3 where he averaged 2.6 per game.

Lowry registered a season-high 33 points January 29 versus Orlando, a career-best 12 rebounds at Minnesota on March 9 and a season-best 14 assists January 1 versus Indiana. He was named Eastern Conference Player of the Week for games played January 27 – February 2, leading the Raptors to a 3-1 mark while averaging 25.0 points, 8.0 assists and 5.0 rebounds. His averages of 18.3 points, 8.2 assists and 4.7 rebounds in January made him the only player in the Eastern Conference to average 18+ points and 8+ assists for the month.

In the Raptors’ first-round playoff series against Brooklyn, Lowry finished second on the club in scoring (21.1), assists (4.7) and minutes (38.8). He scored in double figures in all seven games, with four games of 20+ points. He totaled 22 points and added a series-best eight assists in Game 1 on April 19. He grabbed a personal-high nine rebounds in Game 2 on April 22 at Air Canada Centre. In a Game 5 victory at Air Canada Centre on April 30, Lowry record a game-high 36 points (11-19 FG, 6-9 3FG, 8-10 FT). He added 28 points (12-14 FT) with seven rebounds May 4 in Game 7.

The Raptors acquired Lowry from the Houston Rockets on July 11, 2012. In his two seasons in Toronto, Lowry has averaged 15.0 points, 4.7 rebounds, 6.9 assists, 1.5 steals and 33.2 minutes in 147 regular season games.

Lowry was a first-round selection (24th overall) by Memphis in the 2006 NBA Draft. He has appeared in 506 regular season games (270 starts), averaging 11.7 points, 3.8 rebounds, 5.4 assists, 1.2 steals and 28.8 minutes for Memphis, Houston and Toronto.