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Heat Exploring Kyle Lowry Trades

January 22nd 2024 at 2:01pm CST by Rory Maher

Accomplished veteran Kyle Lowry is a natural trade candidate for the Heat due to his declining production and $29.7MM expiring contract. While he has been involved in countless rumors over the years, including the past year-plus with Miami, Lowry’s name hasn’t popped up in many reports during the 2023/24 season to this point.

However, Miami “continues” to discuss the 37-year-old point guard in potential trades, sources tell Anthony Chiang of The Miami Herald. That implies the Heat either restarted or perhaps never stopped exploring Lowry deals.

Ira Winderman of The South Florida Sun Sentinel (subscription required) goes a step further, suggesting that Lowry’s time in Miami “appears to be” nearing its end. Winderman says a resolution to Lowry’s situation is “not only expected” by next month’s trade deadline, it could occur as early as this week.

Lowry started his first 35 games this season, but he was moved to the bench for Friday’s loss vs. Atlanta and that continued for Sunday’s defeat to Orlando. Miami has dropped three straight games and is currently the No. 6 seed in the East with a 24-19 record.

According to Winderman, Lowry was granted permission to travel away from the team after Wednesday’s loss to the Raptors in Toronto. Lowry played nine seasons with the Raptors, making six All-Star teams and helping Toronto win its first title in 2019. But he got caught in bad weather and was late returning to Miami on Friday, leaving his status against the Hawks uncertain — and opening the door for a lineup change. Head coach Erik Spoelstra started Caleb Martin in Lowry’s place.

“We are not where we want to be,” Spoelstra said, per Chiang. “That’s not an indictment on one player. Kyle has been great as a starter and really impactful last year off the bench. So this really isn’t about him. This is about us trying to get to a higher level on both ends of the court, but also offensively. Combinations do matter, rotations do matter, lineups that bring out the best in each other do matter. And I’m still in the process of trying to help the team figure that out.”

Lowry’s overall numbers are solid, if unspectacular. He has averaged 8.2 PPG, 3.5 RPG, 4.0 APG and 1.1 SPG on .426/.385/.833 shooting in 28.0 MPG through 37 games, but his usage rate is a career low 13.3% and his counting stats have all dropped considerably, Chiang notes. Lowry is 0-for-17 from three-point range over the past five games, averaging just 2.0 PPG, 3.0 RPG and 3.6 APG in 25.7 MPG over that span.

For his part, Lowry didn’t exactly sound thrilled with the demotion, but said he was trying to make the best of it.

“For me as a professional, of course I’m disappointed to have to adjust,” Lowry said after going 1-for-9 in 25 minutes off the bench on Sunday. “But I haven’t played well in the last couple weeks and I understand that coach has made a decision to try to move and shake some things and get in a different flow. So as a professional, of course it’s an adjustment. But I have to make it and figure out how to help the team win.”

As Barry Jackson of The Miami Herald observes (via Twitter), the big question is whether the Heat will be willing to take on a multiyear contract in exchange for Lowry’s expiring deal. Doing so would likely put them deep into luxury tax territory in the coming years, which would hurt their roster flexibility due to restrictions from the second tax apron. Still, the Heat could make future trades to shed salary in that scenario, Jackson notes.

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