Kyle Lowry Rumors | Hoops Rumors

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.

Free Agency Rumors: DeRozan, Smart, Dragic, Tucker

August 3rd, 2021 at 1:28am CST by Alex Kirschenbaum

It appears that several teams remain interested in adding veteran free agent Spurs guard DeMar DeRozan, but are trying to gauge his market. Jordan Schultz of ESPN reports (Twitter link) that the Clippers would like to sign DeRozan, as would the Spurs if the price is right.

Schultz notes that there are other clubs interested in DeRozan, but – assuming he’s is not offered an overwhelming deal – the former four-time All-Star will take his time in determining a destination.

Here are more free agency rumors from around the NBA world:

With Lonzo Ball now headed to the Bulls in a sign-and-trade deal as a restricted free agent, another team that had been floated as a potential destination, the Celtics, will most likely not attempt to move on from guard Marcus Smart, tweets Mark Murphy of the Boston Herald. Murphy adds (Twitter link) that Smart is hoping to earn a four-year, $80MM contract extension from Boston.
Veteran guard Goran Dragic , who is expected to be sent from the Heat to the Raptors in an upcoming sign-and-trade for veteran free agent point guard Kyle Lowry, is hoping to be rerouted to the Mavericks, per Michael Grange of Sportsnet (Twitter link). The details of a sign-and-trade agreement between Miami and Toronto have not yet been fully reported.
Now that the news has broken that newly-minted NBA champion P.J. Tucker will be joining the Heat rather than return to the Bucks in free agency, Sam Amick of The Athletic notes a big part of the reason was Milwaukee’s exorbitant projected tax bill if Tucker had returned. The Bucks appear hopeful to replace Tucker’s versatile defensive contributions by agreeing to a deal with former Celtics forward Semi Ojeleye.

Heat To Acquire Kyle Lowry, Re-Sign Duncan Robinson

August 2nd, 2021 at 5:32pm CST by Luke Adams

The Heat will add Kyle Lowry in free agency via a sign-and-trade with the Raptors and will also re-sign Duncan Robinson, as Marc Stein reports (via Twitter). Both deals had been widely expected, and Lowry has confirmed on Twitter that he’s Miami-bound.

Lowry’s new three-year contract with the Heat will be worth approximately $90MM, according to ESPN’s Adrian Wojnarowski (Twitter link). All three years will be fully guaranteed, tweets Anthony Chiang of The Miami Herald.

Robinson, meanwhile, has agreed to a five-year, $90MM contract with Miami, his agent Jason Glushon tells Wojnarowski (Twitter link). The deal includes an early termination option after year four.

The Heat have been after Lowry since at least the trade deadline in March. While they were unable to land the six-time All-Star at the time, they’ll add him to the mix now, beating out other rumored suitors such as the Mavericks, Pelicans, and Sixers. The move will unite Lowry with his close friend Jimmy Butler, who is expected to sign a lucrative new contract extension of his own.

While a three-year, $90MM investment is a risk for a player who is entering his age-35 season, Lowry has championship experience and is an ideal fit for virtually any team 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.

While the exact terms of the sign-and-trade that will send Lowry to Miami haven’t been reported, the expectation is that the deal will include Goran Dragic and Precious Achiuwa, with the Raptors perhaps rerouting Dragic elsewhere.

As for Robinson, he’s a career 42.3% shooter from three-point range, which put him in line for a long-term deal in the range of $16-18MM per year — that’s what sharpshooters Joe Harris and Davis Bertans received in free agency a year ago and the 27-year-old Robinson is a little younger than both players.

The Heat still have the mid-level exception at their disposal as they look for additional rotation upgrades around Lowry, Robinson, Butler, and Bam Adebayo.

Free Agent Rumors: Lowry, DeRozan, Knicks, Graham, Jackson, More

August 2nd, 2021 at 2:22pm CST by Arthur Hill

Now considered to be favorites to land Kyle Lowry in free agency, the Heat may try to bring in DeMar DeRozan as well, tweets Jordan Schultz of ESPN, confirming a series of reports from the last 24 hours.

Lowry and DeRozan were backcourt partners in Toronto for many years and have remained close friends. Miami is looking at a sign-and-trade as the best way to add Lowry, and is hoping that DeRozan might be available for the mid-level exception. That represents a big pay cut, but sources tell Schultz he might be interested if it means a chance to play alongside Lowry again.

If DeRozan turns down the MLE, the Heat will focus on finding a stretch four, says Barry Jackson of The Miami Herald (Twitter link). There is support among the front office for Jeff Green, according to Jackson, who mentions Bobby Portis, Rudy Gay and Otto Porter as other options.

Meanwhile, Goran Dragic is expected to be part of a sign-and-trade with Toronto for Lowry, but the Raptors are unlikely to keep him. The Mavericks will be among the teams with interest in Dragic, according to Jackson (Twitter link).

Miami would also like to bring back reserve center Dewayne Dedmon, but he may get better offers, says Jackson (Twitter link). The Heat, who only hold Non-Bird rights on Dedmon, may have to offer part of their $3.6MM biannual exception to be competitive.

There’s more as the start of free agency draws closer:

The Knicks have some mutual interest with DeRozan, as well as Celtics shooting guard Evan Fournier, writes Ian Begley of SNY.tv. Begley also hears that Bulls guard Tomas Satoransky would be part of the potential return in a sign-and-trade if Chicago lands Pelicans RFA Lonzo Ball, while rival teams expect Duncan Robinson to re-sign with the Heat.
While he isn’t necessarily their Plan A or B, Cameron Payne is one of the free agent point guards on the Knicks‘ radar, writes Marc Berman of The New York Post. New York has considered a Payne/Derrick Rose tandem at point guard for next season, Berman adds.
The Thunder are seen by rival executives as a possible suitor for Hornets guard Devonte’ Graham, tweets Chris Haynes of Yahoo Sports. Graham is a restricted free agent, so Charlotte can match any offer, but Oklahoma City has the cap flexibility necessary to put pressure on the Hornets.
The Pelicans, Knicks, Celtics, and Nuggets are among the teams expected to express interest in point guard Reggie Jackson, per Sam Amick of The Athletic (Twitter link).
EuroLeague standout Tyler Dorsey, who previously played for Atlanta and Memphis, is positioned for a return to the NBA and is drawing interest from several teams, tweets ESPN’s Adrian Wojnarowski.

Luke Adams contributed to this post.

Knicks Notes: Point Guards, Rose, Grimes, Jokubaitis

August 2nd, 2021 at 10:45am CST by Arthur Hill

Leon Rose has been conservative about spending since taking over as president of the Knicks, but he’s ready to put the team’s more than $50MM in cap space to good use, writes Marc Berman of The New York Post. New York has more money available than anyone heading into free agency, and the primary target will be a new point guard.

The dream scenario for Rose is to land his former CAA client, Chris Paul, who declined his $44.2MM player option on Sunday. The Knicks are one of two teams that can offer Paul $123MM over three seasons, but there are indications that he prefers to stay in Phoenix after leading the Suns to the NBA Finals.

New York is also interested in Kyle Lowry, who reportedly is leaning toward the Heat, but the Knicks can offer a starting salary up to $39MM, which is more than he could get in Miami. However, Berman notes that would limit the team’s other options, such as finding a scoring wing like Evan Fournier, Duncan Robinson, Norman Powell or Kelly Oubre.

The most likely option may be Dennis Schröder, who won’t be staying in L.A. now that the Lakers have Russell Westbrook. The Knicks scouted Schröder extensively this week, Berman adds, to make sure he’s a good fit for Tom Thibodeau’s system.

There’s more from New York:

The free agency process will provide an indication of how much the Knicks value Derrick Rose, notes Ian Begley of SNY.tv. Rose played an important role after being acquired from the Pistons at midseason, but a rival team told Begley that some members of New York’s front office want to let him get other offers on the free agent market before making one of their own.
The Knicks traded down before drafting Quentin Grimes, but they knew they couldn’t go lower than the 25th pick, according to Mike Vorkunov of The Athletic. Kelvin Sampson, Grimes’ college coach at Houston, talked to New York general manager Scott Perry during the draft and says the Nuggets were ready to take Grimes at No. 26 if had still been available.
Second-round pick Rokas Jokubaitis is expected to spend another year overseas before joining the Knicks, Berman adds in a separate story. The Lithuanian guard will join Barcelona after playing the past three seasons for Zalgiris. New York is already looking at four potential rookies on its roster next season, and Jokubaitis is on board with the plan, according to Donatas Urbonas of BasketNews.

Free Agent Rumors: Lowry, Caruso, Cavs, Trent, Batum, Bradley

August 1st, 2021 at 9:08pm CST by Luke Adams

The Pelicans are viewed as the most likely of Kyle Lowry‘s prospective suitors to guarantee a third year in their offer to the veteran point guard, sources tell Michael Grange of Sportsnet.ca. However, it’s the Heat that are considered the current frontrunners to land Lowry.

ESPN’s Adrian Wojnarowski confirms as much in his latest report, suggesting that the Heat are ready and willing to attach assets to Goran Dragic to entice the Raptors to accept a sign-and-trade offer, with Precious Achiuwa and draft picks among the pieces that could be in play. According to Wojnarowski, the Pelicans and Mavericks – rumored to be two of Lowry’s most aggressive suitors – are beginning to consider other options as they look for a starting point guard.

Here are a few more updates on free agents, with the start of the 2021 free agent period less than 24 hours away:

Lakers free agent guard Alex Caruso is expected to meet with several teams when free agency begins on Monday, a source tells Jovan Buha of The Athletic. There’s an expectation that Caruso will have multiple options in the range of the full mid-level exception (approximately $9.5MM).
Caruso was viewed as one of the Cavaliers‘ top targets when they were expecting to use their mid-level exception on a point guard, but now the team is focused on adding a wing or two with that MLE, says Chris Fedor of Cleveland.com. Fedor names Doug McDermott, Alec Burks, Reggie Bullock, Kent Bazemore, Denzel Valentine, Garrett Temple, Torrey Craig, Furkan Korkmaz, and Bryn Forbes as viable options for the Cavs.
Michael Grange of Sportsnet.ca hears from league sources that Raptors RFA wing Gary Trent Jr. may be looking for a contract in the range of $50MM+ over three years.
Anthony Slater of The Athletic confirms there’s mutual interest between Nicolas Batum and the Warriors and that the two sides will likely be in touch early in the free agency process. An earlier Sunday report identified Golden State as a probable Batum suitor.
The Pelicans are viewed as a possible landing spot for free agent guard Avery Bradley, whom the Rockets are hoping to sign-and-trade, writes J. Michael of The Indianapolis Star.

Heat Rumors: DeRozan, Oubre, Gay, Ariza, Butler

August 1st, 2021 at 8:31pm CST by Luke Adams

The Heat, who are reportedly considered the frontrunners to land Kyle Lowry in free agency, may also be eyeing another longtime Raptors guard.

Multiple reporters and outlets, including Marc Stein, Five Reasons Sports, and The Miami Herald (all four Twitter links), have suggested that the Heat are exploring ways to add free agent guard DeMar DeRozan. Miami has pursued DeRozan multiple times over the years, even inquiring on him earlier this season, and the veteran holds the Heat in high regard, tweets Barry Jackson of The Miami Herald.

However, landing DeRozan won’t be easy, since Miami has no clear pathway to acquiring both Lowry and DeRozan via sign-and-trade.

There has been some speculation about the possibility of DeRozan taking a discount to play for the Lakers or Clippers — if he’s open to that idea, it would open the door for the Heat to make a similar path. However, Jake Fischer of Bleacher Report said on The Alex Kennedy Podcast that he’s not sure DeRozan – who earned $27MM this past season – would be willing to settle for the mid-level.

Here’s more on the Heat:

The Heat tried to acquire Kelly Oubre at this year’s trade deadline and figure to be interested in him again as a free agent, tweets Barry Jackson of The Miami Herald. However, Jackson views it as an unlikely match, since Oubre will likely want more than mid-level money.
Jackson also names Rudy Gay as a free agent forward who will receive interest from the Heat this week (Twitter link). Miami may look to re-sign Trevor Ariza too, Jackson adds.
There’s optimism that the Heat and Jimmy Butler will be able to reach an agreement on a contract extension this offseason, writes Anthony Chiang of The Miami Herald. Butler’s maximum extension would be a four-year deal worth up to a projected $181MM.

Heat Considered Frontrunners For Kyle Lowry

August 1st, 2021 at 2:51pm CST by Luke Adams

Chatter about the possibility of free agent point guard Kyle Lowry joining the Heat has increased significantly since the team announced this afternoon that it has picked up Goran Dragic‘s $19MM+ team option for 2021/22.

In the wake of the Dragic decision, ESPN’s Adrian Wojnarowski stated (via Twitter) that the move was considered a possible precursor to a sign-and-trade deal that would send Lowry from the Raptors to the Heat, while Marc Stein (Twitter link) referred to Miami as the “favorite” to land the 35-year-old point guard.

Anthony Chiang of The Miami Herald (Twitter link) also hears that the Heat are viewed as the frontrunners for Lowry, and Barry Jackson of The Miami Herald tweets that there’s “growing optimism” a deal will come together.

Meanwhile, Ira Winderman of The South Florida Sun Sentinel (Twitter link) outlines a pretty specific scenario in which Dragic and Precious Achiuwa would be outgoing pieces in a sign-and-trade for Lowry, who would receive a three-year contract starting at about $26MM. Dragic would subsequently be bought out by the Raptors, Winderman adds. Technically, sign-and-trade discussions about a free agent aren’t permitted by rule until Monday night, but Winderman’s tweet sounds like more than just speculation.

Still, while momentum appears to be in Miami’s favor for now, we’re still 24 hours away from free agency and the Lowry sweepstakes certainly aren’t over yet. As Wojnarowski notes (via Twitter), the Raptors would have to be satisfied by the picks and/or young players they get for Lowry in order to accept a sign-and-trade deal, since they could open up a chunk of cap room by simply letting him walk.

The Pelicans, Mavericks, and Sixers all remain in the hunt for the six-time All-Star too, says Chiang. However, the Heat may be Lowry’s top choice for a handful of reasons, including his friendship with Jimmy Butler and his respect for the organization, per Jackson.

Heat Pick Up Dragic’s Team Option, Decline Iguodala’s

August 1st, 2021 at 1:30pm CST by Alex Kirschenbaum

The Heat have made two divergent decisions on two decorated NBA veterans who proved instrumental in their 2019/20 NBA Finals run.

Miami has decided to pick up its $19.4MM team option on veteran point guard Goran Dragic for the 2021/22 season, per Anthony Chiang of The Miami Herald (Twitter link). Dragic, 35, has been with the Heat since midway through the 2014/15 season, and netted his lone All-Star appearance with the club in 2018. Dragic was also named to the 2014 All-NBA Third Team while with the Suns.

Picking up Dragic’s option does not necessarily mean he is guaranteed to stick with the Heat this summer. As Barry Jackson of the Miami Herald notes (via Twitter), his contract could be incorporated to help match salaries in a big-money trade.

Andre Iguodala, meanwhile, will be hitting the open market. Adrian Wojnarowski of ESPN reports (via Twitter) that the Heat will not pick up their $15MM player option on the final year of the extension Iguodala inked with the club after he was traded from Memphis to Miami in the 2019/20 season. The 37-year-old Iguodala was named the 2015 Finals MVP during his first of three championships with the Warriors, and also has an All-Star appearance, two All-Defensive Team selections, and an Olympic gold medal on his resume.

Exercising Dragic’s option likely means Miami will operate as an over-the-cap team, but Woj suggests (Twitter link) the club will still be a player in free agency, either by carving out cap space in another way or via sign-and-trades.

Raptors point guard Kyle Lowry, an unrestricted free agent this summer, remains among Miami’s most-desired free agent additions. Woj notes (via Twitter) that Dragic’s deal could be incorporated into a Lowry sign-and-trade with Toronto, while Marc Stein (Twitter link) refers to the Heat as the “favorite” to land Lowry and Barry Jackson of the Miami Herald tweets that Miami is a “very strong consideration” for the longtime Raptor.

As Bobby Marks of ESPN (Twitter link) observes, if the Heat could add Lowry via sign-and-trade, they’d still possess the $9.5MM full non-taxpayer’s midlevel exception to sign a quality free agent and would be in position to retain restricted free agent sharpshooter Duncan Robinson, who appears to be in line for a major raise.

Free Agency Rumors: Lowry, Dragic, Ball, Lakers, DeRozan, McGee

August 1st, 2021 at 9:01am CST by Arthur Hill

Miami is a legitimate option for Raptors guard Kyle Lowry in free agency, tweets Tim Reynolds of The Associated Press. A source tells Reynolds that the Heat “have his attention and have had it for a while.”

Lowry will be among the top point guards on the market when free agency begins Monday, with the Pelicans, Mavericks and Sixers all likely to be heavily involved. Toronto may also make a strong bid to hang onto Lowry, who has been with the organization since 2012.

There are plenty of rumors on the eve of free agency:

Many teams are expected to be interested in veteran guard Goran Dragic if the Heat turn down their $19.4MM team option and make him a free agent, according to Shams Charania of The Athletic (Twitter link). Charania doesn’t identify any of the potential suitors, but says they include “several NBA title and postseason contenders.” Miami has a deadline of 5:00pm Eastern Time today to reach a decision on Dragic, along with a $15MM option on Andre Iguodala.
William Guillory and John Hollinger of The Athletic break down sign-and-trade possibilities for the Pelicans involving Lonzo Ball. The Bulls, Pacers, Clippers, Celtics and Wizards are all mentioned as potential sign-and-trade partners.
Dwight Howard could return to the Lakers to provide help at center, Broderick Turner of the Los Angeles Times suggests in a free agent roundtable on both L.A. teams. Howard helped the Lakers win a title in 2020 before signing with the Sixers last offseason. Turner names Patty Mills, Wayne Ellington, Trevor Ariza, Carmelo Anthony, Jeff Green, Iguodala, and Dragic as other possible targets. The Clippers may pursue DeMar DeRozan if he’s willing to take a pay cut, Andrew Greif states in the same piece.
JaVale McGee would “definitely” consider returning to the Nuggets, stating that a chance to win will be his priority in free agency, as Mark Kiszla of The Denver Post details.