The Sixers weren’t able to pry Kyle Lowry away from the Raptors at last month’s trade deadline, but they plan to renew their pursuit of the veteran guard this offseason, sources tell Sam Amick of The Athletic.
As Amick explains, while the 76ers addressed their point guard spot by acquiring George Hill at the deadline, Hill has an expiring contract in 2021/22 and only has a partial guarantee ($1.28MM of $10MM+), so he’s not necessarily viewed as a long-term answer in that role.
The Sixers project to be over the cap this summer, so they’d need to negotiate a sign-and-trade in order to land Lowry, Amick notes. Completing such a deal would be a challenge — Philadelphia wouldn’t want to include Joel Embiid, Ben Simmons, or Tobias Harris in an offer for Lowry, but those three players earn a combined $100MM next season.
Teams that acquire a player via sign-and-trade become hard-capped at the tax apron for the rest of the league year. This year’s tax apron was $139MM and next season’s won’t be significantly higher, so the Sixers would be hard-pressed to accommodate lucrative contracts for Embiid, Simmons, Harris, and Lowry and fill out the rest of their 15-man roster without surpassing that threshold.
Landing Lowry at a rate far lower than his current $30MM salary would be an ideal scenario for the Sixers, but the six-time All-Star reportedly won’t be looking to take a pay cut, and he’s expected to be a popular target on this offseason’s free agent market, one general manager tells Amick.
“There’s teams with money and not a lot of players, so I think he’s going to do really well,” the GM said of Lowry.
The Raptors are also expected to make an effort to re-sign Lowry, and the Heat were known to be interested last month — Miami should have enough cap room to make a serious play for the 35-year-old if they so choose.