The Toronto Raptors have re-signed free-agent guard Kyle Lowry to a four-year, $48 million contract, per sources close to Yahoo! Sports.
According to Adrian Wojarowski of Yahoo!, "the deal has an early termination option allowing Lowry the opportunity to become a free agent after the third season."
Signing Lowry to such a cost-effective deal is a huge moment for Raptors general manager Masai Ujiri as the team attempts to build off the momentum of one of the most successful seasons in franchise history.
The 28-year-old Lowry stands as the Raptors' most popular player locally, and his decision to shirk free agency and return to Toronto on a relative discount should only enhance his standing in the city and among members of the fan base.
Lowry found himself as a target of several teams during the opening of the 2014 NBA free agency period including the Miami Heat and Houston Rockets, and it's easy to see why. He averaged 17.9 points, 7.4 assists, and 4.7 rebounds per game in 2013-14, developing into a leader on a Raptors team which brought Toronto its first NBA Playoffs appearance in five years.
