The Toronto Raptors have completed a sign-and-trade deal with the Miami Heat in exchange for franchise icon Kyle Lowry, who is joining the Heat on a three-year, $85-million contract.
In exchange for Lowry, the Raptors are acquiring forward Precious Achiuwa and guard Goran Dragic. There are no additional picks in the trade, and Dragic appears to be staying in Toronto, which was not the initial expectation. Dragic stated to Slovenian reporters that he wishes to join countryman Luka Doncic with the Dallas Mavericks, while the Raptors were thought to be receiving additional assets had a deal flipping Dragic to a third team not materialized.