Kyle Lowry

Russell Westbrook Helped Engineer His Trade To Lakers

September 27th, 2021 at 12:29pm CST by Arthur Hill

Russell Westbrook “took control of his situation” when he saw a chance to join the Lakers, according to Bill Oram, Shams Charania and Sam Amick of The Athletic in a thorough look at how the team remade its roster over the offseason.

A Southern California native, Westbrook had dreamed of returning home to play and thought he might be headed to the Clippers along with Kawhi Leonard two years ago. When a second chance emerged with the Lakers in August, Westbrook was determined to make it happen.

He was among several potential additions discussed in a “war room” setting of players that was led by LeBron James and included Anthony Davis and Jared Dudley. They saw Westbrook as an asset because he’s a perennial All-Star who can share playmaking duties with LeBron. However, he still had two years remaining on his contract and the Wizards weren’t looking to move him.

Although The Athletic’s sources say Westbrook would have been willing to stay in Washington if a trade didn’t happen, he decided to act on the morning of the draft when he heard that the Lakers were near a deal with the Kings to acquire Buddy Hield. Westbrook approached Wizards owner Ted Leonsis and asked him to work out a trade with L.A.

Leonsis agreed and Washington general manager Tommy Sheppard called Lakers GM Rob Pelinka to start trade talks. Within a few hours, a deal was in place to give up Westbrook and a pair of second-round picks in exchange for Kyle Kuzma, Montrezl Harrell, Kentavious Caldwell-Pope, and the No. 22 selection in this year’s draft.

There’s much more information packed in The Athletic report, which is worth checking out in full. Here are a few highlights:

Another player who received serious consideration from the Lakers was DeMar DeRozan, who also hails from Southern California and eventually signed with the Bulls. He met twice with James and had several other phone calls. DeRozan’s representatives had concerns over whether the Lakers’ front office was on board with the players’ plans, but sources tell The Athletic that Pelinka “strongly considered” a sign-and-trade offer that would have sent Kuzma and Caldwell-Pope to the Spurs. L.A. couldn’t come to an agreement with San Antonio or on a new contract for DeRozan, and the proposed sign-and-trade never advanced to the stage where it was presented to owner Jeanie Buss.
The Kings’ front office was left “steaming” over the Lakers’ decision to pull out of the Hield deal. It would have come at a lower cost — only Kuzma and Harrell were needed to match salaries — so the Lakers could have kept Caldwell-Pope and their first-round pick. As an elite three-point shooter, Hield might seem like a more natural fit alongside James and Davis, but the Lakers believe Westbrook will make them a better team in the playoffs.
With limited resources to fill out their roster after the trade, both James and Westbrook contacted Carmelo Anthony before the official start of free agency. Anthony was still hoping to hear from the Trail Blazers and ultimately received interest from the Knicks and Sixers, but he opted to join James, who was a longtime friend. The chance to win a title attracted other low-cost veterans such as Trevor Ariza, Wayne Ellington and Kent Bazemore to what became the league’s oldest team with an average age of 30.9 years.
James has always enjoyed close relationships with the veterans on his team and was particularly upset when Dudley wasn’t re-signed. Dudley was 36 and coming off an MCL tear, and the Lakers felt it was important to maximize every roster spot. He was offered other positions with the organization, but opted to become an assistant to Jason Kidd in Dallas.
James, Davis and Dudley also talked about Damian Lillard and Bradley Beal, but the Lakers didn’t have the assets to land either of them. Sources tell The Athletic that Westbrook tried to convince Beal that they should both ask to be traded out of Washington. Although Beal didn’t agree, he supported Westbrook’s desire to get to L.A. The Lakers’ group also targeted free agent guard Kyle Lowry, who eventually signed with the Heat.
The Lakers announced an extension this summer with Frank Vogel to avoid having him enter the season as a lame-duck coach. However, multiple sources told The Athletic that the extension only covers one year, which takes Vogel through the end of the 2022/23 season.
Many people in the Lakers’ organization were frustrated by the decision not to compete with the four-year, $37MM offer that Alex Caruso received from the Bulls, per The Athletic. He has become of the NBA’s best role players after starting in the G League, and many believed he was worth what it would have cost to keep him.

Heat Notes: Lowry, Power Forwards, Martin, Camp Questions

September 26th, 2021 at 4:00pm CST by Alex Kirschenbaum

New Heat starting point guard Kyle Lowry is looking forward to building an on-court relationship with incumbent stars Jimmy Butler and Bam Adebayo, writes Barry Jackson of The Miami Herald.

Lowry, a six-time All-Star and 2019 title winner with the Raptors, inked a three-year, $85MM contract with Miami in a sign-and-trade deal this summer. Butler and Lowry have been friends since winning a Gold medal together for Team USA in the 2016 Olympics. Lowry is the godfather to Butler’s daughter.

“Having that common interest in the love of the game and how hard we work and how much we want to win, that was the first thing of us being on the same page,” Lowry explained of the origins of his relationship with the All-NBA swingman.

Lowry also expressed excitement about what Adebayo brings to the floor. “Bam can handle the ball,” Lowry raved. “He can make plays, super athletic. He’s high energy. He’s competitive.” Lowry expects that his own facilitating abilities will benefit the big man. The 35-year-old hopes that he can help Adebayo “be in better spots” and get “easier looks, layups and dunks.”

There’s more out of South Beach:

Questions remain about how much three-point shooting the Heat will be able to get out of their power forward corps, writes Barry Jackson of the Miami Herald. The team’s two new power forward additions, recent champions P.J. Tucker and Markieff Morris, have seen their long-range output dip recently. Tucker, 36, is a career 35.9% shooter, but his shooting fell to 32.2% from deep during the Bucks’ 2021 playoff run. Morris connected on 38.6% of his 3.9 triples per game with the Pistons and Lakers during the 2019/20 season, but saw that number fall to 31.1% in 2020/21. KZ Okpala and re-signed big man Dewayne Dedmon could also see time at the power forward position alongside starting Adebayo in Miami’s frontcourt, though both have been unreliable from long range. Dedmon had two seasons with the Hawks, in 2017/18 and 2018/19, in which he averaged 35.5% or better on a decent volume of three point attempts, but has not connected on more than 21% of his threes in a single season since. Seven-footer Omer Yurtseven, meanwhile, is a solid three-point shooter, but Jackson wonders if the Heat will trust him enough to give him meaningful minutes in their rotation.
With training camp just around the corner, new two-way player Caleb Martin will do his darnedest to prove his mettle as a candidate for legitimate Heat roster minutes, writes Ira Winderman of the South Florida Sun Sentinel. “At the end of the day, regardless if I’m on a two-way or if I was on an Exhibit 10, it doesn’t matter,” Martin said. “I’m just coming into training camp to try to play the best basketball I can and contribute any way I can and impact enough in a way to where I earn minutes.”
The Heat are figuring out rotational questions for the fringes of their roster ahead of training camp, says Ira Winderman of the South Florida Sun-Sentinel. Winderman notes that, in the absence of Kendrick Nunn (now with the Lakers) and Goran Dragic (traded to the Raptors as part of the Lowry deal), Gabe Vincent looks like he will begin the season as the Heat’s prime backup point guard. 6’5″ backup shooting guard Tyler Herro could see an uptick in ball handling duties. The rotational fate of forward Okpala, on the last season of a three-year deal, could be figured out in the club’s preseason. Winderman anticipates that Micah Potter, Javonte Smart, Dru Smith and D.J. Stewart will have plenty to prove in the preseason, though they will most likely spend the majority of the 2021/22 season with the Heat’s G League affiliate, the Sioux Falls Skyforce. Each player will hope to intrigue the Heat enough in training camp to encourage a call-up to Miami during the season.

Contract Details: Pangos, Exum, Heat, Robinson

September 23rd, 2021 at 10:49am CST by Luke Adams

Although new Cavaliers guard Kevin Pangos has no years of NBA service under his belt, he’s not receiving the rookie minimum on his new two-year deal with the team. As Keith Smith of Spotrac tweets, Pangos’ guaranteed first-year salary is $1,669,178, while his non-guaranteed second-year salary is $1,752,637.

Interestingly, while they don’t align with the rookie minimum, those two figures do show up on our minimum-salary chart for this season. Pangos’ first-year salary is the equivalent of the minimum salary for a player with two years of NBA experience. His second-year salary is the equivalent of the second-year minimum salary for a player who currently has one year of NBA experience.

Here are a few more contract details from around the league:

Dante Exum‘s new three-year deal with the Rockets is even more complicated than initially reported. Exum’s base salaries increase by 8% annually ($2.5MM, $2.7MM, and $2.9MM), while his likely bonuses decrease by 8% per year ($2.5MM, $2.3MM, and $2.1MM). Exum also has some unlikely incentives which increase by 8% annually ($375K, $405K, and $435K). In total, his three-year deal could be worth as much as $16.215MM, but only his first-year base salary ($2.5MM) is guaranteed.
As Barry Jackson of The Miami Herald notes, several of the Heat‘s newly-signed contracts include up-front payments. For instance, Kyle Lowry can get $21.25MM of his $26.98MM salary for 2021/22 by opening night, rather than receiving it in equal installments all season. Jimmy Butler‘s extension also features a substantial advance payment, while Duncan Robinson and P.J. Tucker are entitled to more modest ones.
Speaking of Robinson, the final year of his new five-year contract with the Heat isn’t just an early termination option — it’s also only partially guaranteed. That means even if he opts into his fifth year, the Heat could save $10MM of his $19.888MM salary by waiving him. However, Robinson’s fifth-year salary would become fully guaranteed if Miami wins a title by that point and he meets certain minutes and games-played thresholds.

Heat Notes: Garrett, Okpala, Lowry, Aldridge, Herro

September 5th, 2021 at 11:58am CST by Arthur Hill

Heat rookie Marcus Garrett may take over KZ Okpala‘s role as a defensive specialist off the bench, writes Ira Winderman of The Sun-Sentinel. Garrett was a standout for Miami’s Summer League team and signed a two-way contract this week.

The Heat gave up three future second-round picks to acquire Okpala in a 2019 draft-day trade, but he has struggled with his shot during his first two NBA seasons. He connected at 37.5% from the field and 24.0% from three-point range in limited playing time last year. Winderman states that Garrett’s point-of-attack defense may be a better fit for the team and speculates that the playing time will go to whichever player produces more on offense.

There’s more from Miami:

The opportunity to win a title was the main reason that Kyle Lowry chose the Heat in free agency, Winderman relays in a separate story. Lowry explained his reasoning in a recent appearance on CJ McCollum‘s podcast. “For me, it’s only championships or bust,” he said. “Going to Miami, that was a situation where I feel like this is what they want to do. I have a close friend, Jimmy Butler, there and I feel like Miami, that’s what they want to do. It’s about winning championships.” Lowry later added, “If you aren’t playing for championships, what are you playing for? And that’s the only thought process that went into my free agency, is where do I go to become a champion?”
The Heat’s history with players who have serious medical conditions may have made them reluctant to pursue LaMarcus Aldridge, Winderman adds in another piece. Aldridge received medical clearance this week to return to the NBA after being forced into retirement when he was diagnosed with an irregular heartbeat in April. He signed with the Nets, the team he joined after a buyout agreement with the Spurs last season. Miami has gone through similar health scares with Chris Bosh and Alonzo Mourning.
Picking up Tyler Herro‘s option for 2022/23 was an easy decision, but the Heat will face a tougher choice next summer when he’s eligible for a rookie scale extension, observes David Wilson of The Miami Herald. More than three quarters of Miami’s projected cap space through the 2023/24 season is tied up in Lowry, Butler, Bam Adebayo and Duncan Robinson, so extending Herro could result in a huge tax bill.

Southwest Notes: Lowry, Louzada, Barea, Omoruyi

August 14th, 2021 at 5:07pm CST by Arthur Hill

The Mavericks were runners-up to the Heat in the free agency competition for Kyle Lowry, according to Barry Jackson of The Miami Herald. A source tells Jackson that the Mavs were willing to pay what Lowry was seeking and he was intrigued by the possibility of playing in Dallas, but his first choice was to join Jimmy Butler in Miami. Lowry wound up getting $85MM over three years, and joined the Heat in a sign-and-trade.

The Pelicans were also interested in Lowry and were willing to offer $90MM or more for three seasons, Jackson adds. However, Jackson’s source says Lowry didn’t give strong consideration to New Orleans.

There’s more from the Southeast Division:

The new four-year deal for Pelicans swingman Didi Louzada is valued at about $7.69MM, tweets Andrew Lopez of ESPN. The first two seasons are fully guaranteed and the final two are non-guaranteed. New Orleans held non-Bird rights on Louzada and his contract starts at 120% of the $1.489MM minimum, tweets Bobby Marks of ESPN. Marks notes that the Pelicans still have their entire $9.5MM mid-level exception available, along with a $17.1MM trade exception.
Longtime Mavericks player J.J. Barea will return to the organization in some capacity, according to Brad Townsend of The Dallas Morning News (Twitter link). The exact role hasn’t been finalized for Barea, who spent 11 of his 14 NBA seasons with the Mavs. “I’m going to be involved, and I’m definitely excited,” said Barea, who served as an unofficial assistant coach in today’s Summer League game.
Rookie forward Eugene Omoruyi talked to Townsend after signing a two-way contract with the Mavericks on Friday (video link).

Eastern Contract Details: Lowry, Birch, Heat, Dinwiddie, Niang, More

August 8th, 2021 at 4:30pm CST by Luke Adams

Kyle Lowry‘s new three-year, $85MM contract with the Heat is a standard increasing deal, starting at about $26.98MM and rising annually by 5%, tweets Keith Smith of Spotrac.

Based on Lowry’s 2021/22 salary, we now know the value of the traded player exception the Raptors created in their sign-and-trade deal with the Heat, tweets Blake Murphy of The Athletic. That TPE will be worth $4,832,848, which is the difference between Lowry’s new salary and the combined cap hits of Goran Dragic and Precious Achiuwa.

Murphy also confirms that Khem Birch‘s three-year, $20MM deal with the Raptors is a standard increasing contract with no options or partial guarantees — it eats up about $6.35MM of Toronto’s mid-level exception, leaving $3.187MM on that MLE.

Here are more contract details from around the East, courtesy of Smith:

As expected, the new deals for Max Strus, Omer Yurtseven, and Gabe Vincent with the Heat are each two-year, minimum-salary contracts with one year guaranteed and the second year non-guaranteed (Twitter link). P.J. Tucker, meanwhile, got a two-year, $14.35MM contract that uses $7MM of Miami’s mid-level exception in year one. Tucker’s second year is a player option (Twitter link).
Spencer Dinwiddie‘s three-year contract with the Wizards only has a base value of $54MM, rather than the previously-reported total of $60MM+ (Twitter link). The deal, which features unlikely incentives that could push its value higher, has a partial guarantee worth $10MM (of $18.86MM) in year three.
Georges Niang‘s deal with the Sixers came in at $6.765MM over two years, both of which are fully guaranteed (Twitter link).
Trae Young‘s five-year, maximum-salary extension with the Hawks includes a 15% trade kicker (Twitter link).
The numbers are also in for the finalized deals between Jarrett Allen and the Cavaliers (Twitter link), Bobby Portis and the Bucks (Twitter link), George Hill and the Bucks (Twitter link), and Danny Green and the Sixers (Twitter link), with no surprises among that group. As expected, Green’s second year is non-guaranteed and Portis has a second-year player option, while Allen and Hill have fully guaranteed salaries.

Heat Notes: Lowry, Offseason, Yurtseven, Investigation

August 8th, 2021 at 2:50pm CST by Alex Kirschenbaum

New starting Heat point guard Kyle Lowry discussed his expectations for this offseason’s revamped Miami club with media on Friday and Saturday, as Couper Moorhead of Heat.com details.

“On paper it looks great,” Lowry, a 2019 title winner with the Raptors, said of Miami’s new-look roster. “But you have to put the work in on the floor. I don’t ever try to say we can do this, we can do that. At the end of the day you have to go out there, lace ‘em up and do your job. Play defense, put the ball in the hole.”

Miami’s sign-and-trade deal with the Raptors that sent Lowry to the Heat is currently being investigated by the NBA, as the league is cracking down on violations to its anti-tampering stance on free agency.

There’s more out of South Beach:

In his latest notes roundup, Ira Winderman of the South Florida Sun Sentinel discusses the re-signing of Victor Oladipo, plus the departures of Kendrick Nunn (after the team made him an unrestricted free agent) and Andre Iguodala (after the Heat did not pick up the second year of his contract). Winderman notes that Oladipo, Lowry, and new Heat power forward P.J. Tucker were all potential trade targets for Miami during the 2020/21 season, though Miami was unwilling to part with young players Tyler Herro and Duncan Robinson. Winderman adds that Miami’s decision to move on from Nunn speaks to the team’s preference for Herro, regarded as having higher upside.
Now that the Heat have inked a two-year minimum deal with center Omer Yurtseven, Ira Winderman of the South Florida Sun Sentinel examines the seven-footer’s fit as with a Miami team hungry to contend. After Yurtseven’s promising NBAGL 2020/21 season for the Oklahoma City Blue, Miami signed him for the rest of the year. He posted encouraging averages of 26 PPG and 13.5 RPG in two California Classic Summer League this year, and ultimately opted to return to Miami.
Anthony Chiang of the Miami Herald has further details on the NBA’s investigation into the Heat’s Lowry sign-and-trade with the Raptors. Chiang writes that the investigation is most likely being conducted as a result of at least one other NBA team complaining about the expediency of the deal, while Winderman tweets that it’s more about “gun-jumping” than tampering.
Within Chiang’s story, Bobby Marks of ESPN said the sign-and-trade for Lowry almost certainly won’t be voided. “I would say highly, highly unlikely that the trade will be voided and that Kyle is a free agent all of a sudden,” Marks said. “I think what will happen is if they’re found guilty, there will be some financial penalty and draft picks will be lost here.” Marks anticipates the investigation could last for around two weeks.

NBA Investigating Lowry, Ball Sign-And-Trades For Possible Tampering

August 7th, 2021 at 1:13pm CST by Luke Adams

The NBA has launched investigations into two of the sign-and-trade deals that were agreed upon early in free agency, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne.

Those two deals are the one that sent Kyle Lowry from the Raptors to the Heat – which was officially announced on Friday – and the one sending Lonzo Ball from the Pelicans to the Bulls, which hasn’t been officially completed yet. The NBA is set to investigate possible violations of its tampering policy.

According to Wojnarowski and Shelburne, the league is expected to look into any contact that may have occurred prior to the opening of the free agency negotiating period on Monday at 5:00pm CT. Both agreements were reported within minutes after the negotiating period began.

It’s an open secret that teams and agents begin free agent discussions before the negotiating period officially starts, but the NBA generally frowns on any deals that blatantly violate those rules. Sign-and-trades receive even more scrutiny since they’re more complex and typically require more time to complete than a typical free agent negotiation, Wojnarowski and Shelburne note.

Last year, for instance, an alleged sign-and-trade agreement involving the Bucks, Kings, and Bogdan Bogdanovic was reported several days before free agency officially began. The league ended up taking away Milwaukee’s 2022 second-round pick after investigating that situation, while Bogdanovic – who claimed he never agreed to terms with the Bucks – landed in Atlanta instead.

We’ll see what the investigation into the Lowry and Ball sign-and-trades turns up this year. It’s unlikely that the league would nix either deal, but fines and/or draft-pick penalties don’t seem out of the question, given the manner in which the deals were publicly reported.

One Monday report outlined the specifics of the Lowry sign-and-trade to the Heat nearly three hours before free agency began, though there was some uncertainty for much of the week about whether the deal would involve more pieces than just Goran Dragic and Precious Achiuwa. Lowry’s commitment to Miami was confirmed just minutes into free agency and his agency announced his destination shortly thereafter.

Ball’s deal with the Bulls was reported literally the minute the negotiating window opened, with the full terms of the trade agreement – including another sign-and-trade involving Garrett Temple – surfacing just seven minutes later.

As Wojnarowski notes (via Twitter), the NBA adopted new anti-tampering measures two years ago, giving the league the power to fine teams for up to $10MM, suspend executives, take away draft picks, or even void deals altogether if proof of tampering is found.

The Bucks’ second-round pick forfeiture is the most significant penalty we’ve seen since then. However, as Wojnarowski and Shelburne point out, the NBA’s decision in that case took into consideration that Bogdanovic didn’t end up signing with Milwaukee, so the league could come down a little harder on Miami and/or Chicago.

Raptors Notes: Lowry, Achiuwa, Dragic, Birch, TPE, Ujiri

August 7th, 2021 at 8:12am CST by Luke Adams

There was some speculation leading up to free agency that Toronto would make an effort to re-sign veteran point guard Kyle Lowry, but comments made on Friday by the six-time All-Star and by Raptors general manager Bobby Webster suggested both sides felt the time was right to move on, writes Josh Lewenberg of TSN.ca.

“I think the direction Toronto is going in is they want to give the opportunities to (Fred VanVleet), Pascal (Siakam), OG (Anunoby), a couple young guys, the young draft picks they have,” Lowry told reporters. “They have some great core pieces. They’re in great hands and great shape. It was a situation for me where it was an opportunity to do something different… It’s time to turn the page in the book.”

Webster conveyed a similar sentiment: “You probably could see (during the 2020/21 second half) the direction the team was going in, and jumping up in the draft to get the fourth pick, philosophically, I think going young became kind of a more desirable path.”

Once they recognized Lowry would be moving on, the Raptors could’ve decided to let him walk in order to open up cap room to pursue a free agent. However, that path offered less certainty, especially if the team made an offer sheet to a restricted free agent (such as Jarrett Allen) not knowing whether it would be matched. The Raptors preferred to acquire Goran Dragic and Precious Achiuwa via a sign-and-trade with the Heat, Lewenberg writes.

“Precious is a huge part of this deal for us,” Webster said. “We really liked him last year in the draft so I think that was a huge get in the sense of a young player that we like and fits.”

Here’s more on the Raptors:

Throughout the week, there were rumors that Toronto may try to flip Dragic to a third team after acquiring him via sign-and-trade. Webster said on Friday that’s not Plan A. “Obviously, if we got an offer that was too good to refuse we’d listen but ultimately we want Goran here,” the Raptors’ GM said, per Lewenberg. “He’s happy to be here, obviously he’s been able to carve out a very nice career for himself. Talking to (team president) Masai (Ujiri), talking to everyone here, we’ve watched him a ton and I know a lot of people have seen him kill us. As a basketball player, as a vet, he provides a lot of value to us.”
After his new three-year deal with the Raptors was formally announced on Friday, Canadian center Khem Birch told reporters he was focused throughout free agency on returning to the team, as Doug Smith of The Toronto Star writes. “It feels like a dream come true,” Birch said. “It’s so surreal right now … just one of those free agencies where I knew where I wanted to go. I don’t even know what other teams were interested in me. I just wanted to come here regardless of the price or the years or anything. I just knew this was a great fit. I’m just happy I’m here.”
The Raptors will generate a traded player exception as a result of the Kyle Lowry sign-and-trade to Miami. It’ll be worth somewhere between $4.8MM and $7.7MM, depending on the specific structure of Lowry’s new contract, writes Blake Murphy of The Athletic.
Speaking to Jared Weiss of The Athletic, Raptors chairman Larry Tanenbaum confirmed that Masai Ujiri‘s new vice chairman title won’t give him an ownership stake in the franchise, but said it reflects his standing in the organization. “I chair the Raptors, but it’s just a recognition that we’re really working together,” Tanenbaum said. “We’re partners.”
Tanenbaum added in the same interview that the team’s plan is to have Lowry retire as a Raptor down the road and to retire his number. “He will retire as a Raptor and his number will absolutely go up there,” Tanenbaum said. “The honor will be the first one (for the Raptors) and I love Kyle.”

Heat, Raptors Finalize Kyle Lowry Sign-And-Trade

August 6th, 2021 at 5:05pm CST by Luke Adams

The Heat have officially acquired point guard Kyle Lowry from the Raptors via sign-and-trade, Miami announced today in a press release. Toronto received point guard Goran Dragic and big man Precious Achiuwa in the deal.

Lowry was one of the first free agents to make a commitment when the negotiation period opened on Monday evening, but it took all week for the details of the sign-and-trade to be confirmed. Dragic and Achiuwa were always believed to be part of the deal, but there were rumors that Dragic would be flipped to a third team or that the Raptors would receive additional pieces. Ultimately, it’s just a two-for-one swap.

Lowry’s new, fully guaranteed contract with the Heat was initially reported to be worth $90MM over three years, but it’ll actually come in at $85MM, per Shams Charania of The Athletic (Twitter link). Miami would’ve needed to include more salary in addition to Dragic and Achiuwa for matching purposes in order to accommodate that $90MM figure, notes Blake Murphy of The Athletic (Twitter link).

The Heat, who have been after Lowry since at least the trade deadline in March, will unite the six-time All-Star with his close friend Jimmy Butler, who has agreed to sign a lucrative new contract extension of his own with Miami.

While a guaranteed three-year, $85MM investment is a risk for a player who is entering his age-35 season, Lowry has championship experience and is an ideal fit on virtually any roster due to his ability to handle the ball, knock down outside shots, and provide strong defense. He averaged 17.2 PPG, 7.3 APG, and 5.3 RPG on .436/.396/.875 in 46 games (34.8 MPG) in his final season as a Raptor.

“Kyle Lowry is a great leader and an exceptional defender,” Heat president Pat Riley said in a statement. “As a point guard, he will bring important skills to run the offense, score the ball and defend with the very best.”

The Raptors, meanwhile, still could theoretically flip Dragic to another team in the coming days, weeks, or months. However, Marc Stein reported earlier today that Toronto has “resisted external interest” in the Slovenian guard from the Mavericks and other teams.

Barring further trades, Dragic will join the Raptors’ backcourt alongside Fred VanVleet, Malachi Flynn, and Gary Trent Jr., while Achiuwa will battle for minutes in a frontcourt rotation that includes Khem Birch and Chris Boucher.

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