Kyle Lowry Rumors | Hoops Rumors

Stein’s Latest: Lowry, Hayward, Washington, Green, Bucks, Wright, Drummond

February 4th, 2024 at 6:34pm CST by Dana Gauruder

The Hornets are engaged with multiple teams, looking to move Kyle Lowry‘s $29.7MM expiring contract before Thursday’s trade deadline, Marc Stein reports in his latest Substack article.

Lowry was acquired from Miami last month as part of the Terry Rozier deal. The Magic are among the teams that have expressed exploratory trade interest in Lowry, Stein states.

If they’re unable to deal him, the Hornets could look to buy out Lowry. The Sixers and Lakers, as well as the Magic, would have interest in him if he winds up on the buyout market, Stein notes, adding that ncertainty regarding Joel Embiid‘s knee issue would not automatically rule out Philadelphia’s pursuit of Lowry if he’s bought out.

Here’s more tidbits from Stein:

The Hornets could also deal Gordon Hayward’s expiring $31.5MM contract this week but if he remains on the roster beyond the trade deadline, it’s unlikely a buyout will be pursued. Charlotte hasn’t ruled out re-signing the veteran forward this summer, and if he’s bought him out, Hayward would have to forfeit his Bird rights.
The Hornets have their sights set on Josh Green if the Mavericks seriously pursue forward P.J. Washington in trade discussions, Stein reports. However, there’s some buzz that the Clippers are also eyeing Washington despite their limited trade assets. The Mavericks are prioritizing power forwards over small forwards as they look to shore up size and defensive issues. They’ve also been linked to the Wizards’ Kyle Kuzma.
The Bucks have limited resources after all the moves they’ve made in recent years — including the Damian Lillard blockbuster — but they are still very active in the trade market. Milwaukee doesn’t have any first-rounders to deal, while Bobby Portis ($11.7MM this season) and Pat Connaughton ($9.4MM) are the only players making significant money besides the team’s stars who might attract interest in a potential move. However, Stein senses Milwaukee will do something before the deadline.
The Nuggets are searching for backcourt depth and the Wizards’ Delon Wright is one possibility, according to Stein.
The Bulls could look to trade Andre Drummond and his modest $3.36MM contract for draft capital, per Stein.

Trade Rumors: Warriors, D. Murray, Hayward, Lowry, Knicks

January 30th, 2024 at 8:03am CST by Luke Adams

No one will be entirely off the table for the Warriors at the trade deadline except for Stephen Curry, according to Shams Charania of The Athletic, who said on FanDuel’s Run it Back show (Twitter video link) that Andrew Wiggins, Chris Paul, and maybe even Klay Thompson are among the players who figure to come up in discussions in the next 10 days.

However, the Warriors are high on youngsters like Jonathan Kuminga and Brandin Podziemski, notes Charania, so those players are very unlikely trade candidates.

Additionally, ESPN’s Ramona Shelburne said on Monday (Twitter video link) that she doesn’t expect the Warriors to make any trades affecting their core unless Curry is “on board with that idea.” Thompson and Draymond Green are certainly part of that core, and it seems reasonable to assume Wiggins is in that group as well, given that he’s under contract for three more years and played a key role in Golden State’s 2022 championship.

Here are a few more trade-related notes and rumors from around the NBA:

Hawks guard Dejounte Murray is considered a strong candidate to be moved at next Thursday’s trade deadline, but at least one notable member of the organization doesn’t want to see him go anywhere. Sources tell Marc Stein (Substack link) that head coach Quin Snyder has lobbied the Hawks to hang onto Murray, who is under contract for four seasons beyond this one.
While the Hornets will certainly explore trading Gordon Hayward and Kyle Lowry, two veterans on pricey expiring contracts, both players are considered potential buyout candidates if Charlotte can’t find a deadline deal it likes. However, according to Stein, Hayward is “far less likely” than Lowry to seek a buyout if they’re still in Charlotte after February 8. If the Hornets were to retain Hayward through the end of the season, he would retain his full Bird rights and they’d have the option of re-signing him or signing-and-trading him in the summer. Stein also confirms that the Sixers would have interest in Lowry if he’s bought out, as previously reported.
While the initial reports on Julius Randle‘s shoulder injury are relatively positive, ESPN’s Brian Windhorst notes that shoulder issues can bother players for “months” and have a tendency to reoccur. As Adam Zagoria of NJ.com relays, Windhorst argued during a TV segment that the Knicks should consider making a move on the trade market to help offset the loss of Randle.
Bobby Marks of ESPN (Twitter link) passes along an interesting stat about movable first-round draft picks, noting that just 11 teams control 75% of the first-rounders that can be traded.

Heat Notes: Rozier, Butler, Jaquez, Love

January 26th, 2024 at 7:19pm CST by Rory Maher

On Tuesday, the Heat traded Kyle Lowry and their 2027 first-round pick to Charlotte for veteran guard Terry Rozier, who was having a career season in an expanded role for a team losing lots of games.

On Wednesday, Rozier had a physical and made his Heat debut, a home loss to the undermanned Grizzlies, writes Anthony Chiang of The Miami Herald. On Thursday, Miami was eviscerated at home by the Celtics, Chiang adds in another story. Rozier struggled in both games after a whirlwind few days.

Thursday marked Miami’s fifth straight loss — its worst stretch of basketball since March 2021, when the team lost six straight. Trading for Rozier was an acknowledgement that the Heat needed more offensive firepower, and while he and everyone around the team realize he won’t be averaging 18.3 shots per game like he did with the Hornets, head coach Erik Spoelstra still wants him to get in the paint and be assertive, according to Chiang.

“It’s clear to see the positives with Terry,” Spoelstra said Thursday. “He brings us a burst, a speed, a quickness, his ability to get into the paint. I think that’s going to continue to get better once he understands how important it is to our offense and how we want him to be him and be aggressive.”

Here’s more from Miami:

Sam Vecenie of The Athletic likes what Rozier will bring Miami on offense, with his ability to drive and take (and make) pull-up threes both valuable traits for a team that doesn’t generate many points in either of those areas. However, he has questions about Rozier’s defense compared to Lowry’s, and thinks the possibility of giving up an unprotected pick in 2028 (it’s lottery protected in 2027 and will become unprotected in ’28 if it doesn’t convey) for Rozier probably wasn’t worth it.
Star forward Jimmy Butler spoke to the media after Thursday’s loss for the first time since the trade of close friend Lowry. He said the players’ performance has been abysmal lately and the onus is on them to compete much harder than they have been on both ends of the court, per Ira Winderman of The South Florida Sun Sentinel (subscriber link). Butler does think Rozier’s addition can help the team, however. “I mean, I think it can be a positive thing, a new face, yes,” Butler said. “The scoring that he brings, the leadership that he brings, he’s played in the playoffs a bunch with that Boston team. And I mean he’s just a hell of a player. He’s smiling. He’s happy. And I think that’s going to become very contagious. He’s going to be the ring leader for that.”
Rookie forward Jaime Jaquez will be available on Saturday against the Knicks after missing the past six games with a groin injury, the team announced (via Twitter). Jaquez won Eastern Conference Rookie of the Month in December for his second straight monthly award.
Veteran big man Kevin Love was out for the back-to-back this week due to an illness (Twitter link via Winderman) but he isn’t on the injury report for Saturday’s matchup with New York, which means he should be back in action. As Winderman observes, Thomas Bryant took Love’s minutes when he was out, over second-year forward/center Nikola Jovic.

Lakers Notes: Reddish, Russell, Murray, Brown, Lowry

January 26th, 2024 at 2:06pm CST by Luke Adams

The Lakers will be without forward Cam Reddish until after the trade deadline, announcing on Friday that he has been diagnosed with a right ankle sprain and will be reevaluated in approximately two weeks (Twitter link via Brad Turner of The Los Angeles Times).

Reddish has been a regular part of the rotation in his first season with the Lakers, starting 26 games and coming off the bench in nine more for an average of 23.3 minutes per contest. However, he has been plagued by various injuries over the past couple months, missing games due to both left and right groin ailments and left and right knee soreness.

Here’s more on the Lakers:

D’Angelo Russell‘s hot streak continued on Thursday as he put up 29 points on 10-of-18 shooting in a win over Chicago. Russell has now averaged 27.4 PPG and 6.6 APG since reentering the starting lineup on January 13, raising questions about whether it really makes sense to trade him, writes Dan Woike of The Los Angeles Times.
Although Russell’s heater has raised his standing in the Lakers’ eyes, the team still believes that his strengths and weaknesses overlap too much with Austin Reaves‘ and would like to upgrade the point guard spot, says Jovan Buha of The Athletic. However, Buha notes that the Lakers would view a Russell trade involving a player like Malcolm Brogdon, Tyus Jones, or Spencer Dinwiddie as a “lateral move at best.” Dejounte Murray is an exception, since L.A. considers him a player who could replicate Russell’s offensive production while upgrading the defense, Buha writes.
Within the same mailbag, Buha says that there are people within the Lakers’ organization who believe the club needs to make two moves on the trade market, not just one. Murray and Bruce Brown are currently the team’s top targets, sources tell Buha, though acquiring both guards likely isn’t realistic.
Kyle Lowry is a potential target to watch for the Lakers if he’s bought out by Charlotte, team and league sources tell Buha. Los Angeles’ team salary is above the luxury tax line but below the first apron, so the club wouldn’t be prohibited from signing Lowry on the buyout market.

Fischer’s Latest: Point Guard Rumors, Sixers, Rockets, More

January 26th, 2024 at 11:53am CST by Luke Adams

After Charlotte was able to secure a first-round pick from Miami in this week’s deal for Terry Rozier, teams with quality guards available are expected to use that return as a benchmark, according to Jake Fischer of Yahoo Sports, who suggests that the Wizards, Trail Blazers, and Raptors want “at least a first-round pick” for Tyus Jones, Malcolm Brogdon, and Bruce Brown, respectively.

It will presumably be more difficult to extract a first-round pick for a player headed for free agency in 2024 and 2025 than it was for Rozier, who has two more years left on his contract beyond this one. Still, as Fischer notes, there will be no shortage of teams in the market for backcourt help at this season’s deadline.

Sources tell Yahoo Sports that the Lakers are “chief among backcourt buyers” as they seek a point guard upgrade on D’Angelo Russell. The Knicks, Bucks, and Sixers are among the other potential buyers at that position, while the Nets have “poked around” the market too, per Fischer.

Fischer names the Cavaliers and Timberwolves as two other clubs expected to peruse the market in search of backcourt depth and notes that the Spurs will always be a team to watch for point guards until they find a long-term answer at the position to pair with Victor Wembanyama.

Here’s more from Fischer:

Veteran point guard T.J. McConnell was viewed as a possible target for teams looking for backcourt help, but the Pacers have indicated to potential trade partners that they don’t want to move him, Fischer reports. Some of the backup point guards who are available around the NBA, per Fischer, are Davion Mitchell (Kings), Cameron Payne (Bucks), Cory Joseph (Warriors), and Devonte’ Graham (Spurs).
Kyle Lowry isn’t expected to join the Hornets prior to the trade deadline as Charlotte looks to flip him to a new team. If he’s still a Hornet once the deadline passes, Lowry will be a strong candidate for a buyout, and the Sixers appear to be a “real possibility” for the Philadelphia native, says Fischer.
The Sixers are prioritizing fit alongside Joel Embiid and Tyrese Maxey as they consider their trade options. They don’t appear to have significant interest in Bruce Brown and will have to seriously consider whether Dejounte Murray is the right piece next to Maxey, given the Hawks‘ high asking price for Murray, Fischer writes. Atlanta is reportedly seeking two first-round picks and a starting-caliber player for the guard.
The Rockets have their eye on a pair of Trail Blazers, according to Fischer, who says Malcolm Brogdon and Robert Williams have both drawn interest from Houston. The Lakers and Knicks are among the other teams that have been connected to Brogdon.
The Pelicans and Magic are two teams that rival executives expect to be in the market for a point guard in the summer, though New Orleans is focused more on the center spot for now, per Fischer.

Bulls Notes: DeRozan, Lowry, Caruso, White

January 24th, 2024 at 7:29pm CST by Arthur Hill

DeMar DeRozan typically doesn’t get involved in the Bulls‘ front office decisions, but he might change that stance if it means bringing long-time friend Kyle Lowry to Chicago, writes K.C. Johnson of NBC Sports Chicago.

Lowry, who was DeRozan’s teammate for many years in Toronto, was traded from Miami to Charlotte on Tuesday and could be on the move again before the February 8 deadline. It’s unlikely that the Bulls would deal for Lowry’s $29.7MM contract, but they have an open roster spot and DeRozan is willing to help facilitate a signing if Lowry reaches a buyout agreement with the Hornets.

“If it was asked of me, whether from him if that was something he wanted to do (or management), for sure. Why not?” DeRozan said. “That’s one of my closest friends, one of the smartest players I’ve played with since I been in the league.”

DeRozan revealed that Lowry called and informed him of the impending trade before the news broke Tuesday morning. DeRozan offered support to the 37-year-old guard, who is facing an uncertain basketball future for the first time in many years.

“For me, it flips to being there for him more so as a friend. Basketball kind of goes out the window,” DeRozan said. “Even last night, I just texted him before I went to sleep and asked him how he was feeling mentally. That’s all I care about first.”

There’s more from Chicago:

While several Eastern Conference rivals have already made significant moves, the Bulls’ trade outlook continues to be quiet, Johnson adds. No market has developed for Zach LaVine, who is currently sidelined with a sprained ankle, and the front office hasn’t shown any inclination to trade Alex Caruso despite interest around the league, according to Johnson.
Caruso was honored to be included in the 41-player pool for the 2024 Olympics that was released Tuesday, tweets Julia Poe of The Chicago Tribune. “Hopefully I’m lucky enough to get selected and go,” Caruso said. “That would be an even bigger accomplishment and exciting adventure.”
In a full story for The Chicago Tribune, Poe looks at whether Coby White should be given a larger role in the Bulls’ clutch possessions considering his improvement this season. Even when White is having a huge scoring night, DeRozan is typically the focus of the crunch-time offense.

Terry Rozier: “I Feel Like I Fit The Heat Culture”

January 24th, 2024 at 6:24pm CST by Arthur Hill

At a brief press conference before Wednesday’s game, Terry Rozier said he’s thrilled about the opportunity to play in Miami and he sees himself as a natural fit for Heat culture, relays Barry Jackson of The Miami Herald. Rozier, who was acquired from Charlotte on Tuesday, said he’s long been an admirer of his new team.

“It’s been no secret how much love I have for the Miami Heat and Dwyane Wade growing up,” Rozier said. “This is definitely a full circle moment. I’m happy to be back on that stage in a playoff race. It’s huge.”

Rozier was added to bring some spark to the Heat’s offense, which has struggled to produce points on a consistent basis. He averaged 23.2 PPG in his 30 games with the Hornets this season, and Jackson notes that combining him with Jimmy Butler, Bam Adebayo and Tyler Herro makes Miami the only team in the league with four players scoring at least 20 PPG.

Rozier added that he’s “not here to step on nobody’s toes” and will work with coach Erik Spoelstra to determine the best way he can help the team.

“Definitely want to take my time. Things are not going to be perfect right away,” Rozier said. “I feel like I fit the Heat culture and I’m coming right in, can come in [and help] on the defensive side. We’re basketball players. We will figure it out.”

Spoelstra also spoke at the press conference, calling Rozier “one of the most dangerous X-factors” in Boston before developing his game even further with Charlotte. Spoelstra likes the idea of adding another extreme competitor to his roster.

“He has a lot of those competitive qualities that we respect and we think not only resonate with us but also impact winning in a big way,” Spoelstra said. “He’s a competitive guy. Winning matters to him. He respects our uniform. He really wanted to be here. Not everybody wants to play for us. So that matters. We want to have like-minded competitors that view competition in a very similar way.”

Spoelstra addressed his new-look backcourt, with Rozier and Herro both capable of scoring and distributing the ball.

“Skill level is extremely high with both of these guys,” he said. “Terry can play more naturally at the point. Tyler, his skill level, his ball handling, his play-making has improved so much. Terry knows how to play on the ball and he also knows how to play off the ball which is really important for our group. He’s had success doing both. This year, he had to do a lot more on the ball and it shows you what he’s capable of leading the attack.”

Spoelstra also discussed the loss of Kyle Lowry, who was sent to the Hornets in the trade after spending the last two and a half seasons in Miami.

“Kyle, you can never define him by his stats,” Spoelstra said. “His whole career, and particularly as an ultimate winner, you define him by whether your team is winning and how it’s functioning. … This is part of the business…. Sometimes you have to make a business decision. That’s what this was. He’ll be just fine. He’ll find his next stop … whether it’s Charlotte or anywhere else.”

Hornets Notes: Rozier Trade, Ball, Miller, Lowry, Hayward

January 24th, 2024 at 9:17am CST by Luke Adams

After trading Terry Rozier to Miami on Tuesday in exchange for Kyle Lowry‘s expiring contract and a future first-round pick, president of basketball operations Mitch Kupchak said that the financial flexibility the deal affords the Hornets going forward was important. However, getting that first-rounder was the key part of the trade from Charlotte’s perspective, as Rod Boone of The Charlotte Observer writes.

“The pick itself has potential for incredible upside,” Kupchak said. “We don’t know who that player may be several years down the road. But an asset that valuable can also become something that you can put in a trade and make a deal. So. yeah, the financial part of it was a part of it. But getting the pick was probably the most important part.”

According to Boone, one factor in the Hornets’ decision to move on from Rozier at this time is the fact that it will give the team’s backcourt of the future – LaMelo Ball and Brandon Miller – more opportunities to play alongside one another. Kupchak singled out those two players on Tuesday when he discussed Charlotte’s core pieces.

“We think we’ve got a foundation of players in place,” he said. “I’m not going to mention all of our players, but I’m going to mention our two highest picks — LaMelo Ball and Brandon Miller. But there are other players that we’ve pegged that would be very difficult to trade.”

A report last week suggested that Ball, Miller, and center Mark Williams are likely the only players on the Hornets’ roster who are off-limits in trade talks.

Here’s more out of Charlotte:

Kupchak indicated on Tuesday that the Rozier trade doesn’t signal the beginning of an all-out rebuild, per Boone. “I wouldn’t call it a rebuild,” Kupchak said. “A rebuild is, in my opinion, something where you start from scratch and you convert everything you have into draft capital, and you create gobs of cap room, and you start taking in contracts to get picks and it could drag out years. That’s not the case. I think it’s more of a case of recognizing where we are this year.”
Still, Kupchak suggested the Hornets will remain very open to making additional trades on or before February 8, as Steve Reed of The Associated Press relays. “I can’t discount the fact that we’re a team that is trying to build something that can sustain something going forward, and … we will look for opportunities,” Kupchak said when asked about the possibility of more deals. “And if there is something out there we will look to do it. It’s as simple as that.”
The Hornets are expected to explore the possibility of flipping Lowry to a new team, though two league sources who spoke to Boone believe he’ll ultimately become a buyout candidate instead. Either way, it doesn’t sound like Charlotte is intent on actually playing the veteran point guard. “He’s got to report, he’s got to pass a physical,” Kupchak said of Lowry. “It’s going to take a couple of days. I can’t say that that’s something we look to accomplish right away. We may wait to see what happens out of respect to him and what he’s accomplished in this league. Maybe we wait to see and have the trade deadline pass, rather than have him relocate and start something that may or may not take place. I think that’s probably what we will do. Don’t know for sure, but that seems to make the most sense.”
Veteran forward Gordon Hayward is another player on a sizable veteran contract who is available in trade talks. Boone hears from league sources that Hayward is “at the very top” of Charlotte’s list of trade candidates. However, the 33-year-old has been out since December due to a left calf strain and there’s no timeline for his return, so it’s unclear whether the Hornets will be able to acquire anything of value for him. He’s another possible buyout candidate if no trade arises, Boone notes.
While it’s typically difficult to determine right away which teams won and lost a trade, there’s one clear winner in the deal between the Heat and Hornets, according to Scott Fowler of The Charlotte Observer: Rozier. As Fowler details, Rozier appeared in 50 postseason contests with Boston during his first four NBA seasons, but didn’t get to play a single playoff game during his time in Charlotte — that figures to change in Miami.

Hornets Trade Rozier To Heat For Lowry, First-Round Pick

January 23rd, 2024 at 1:30pm CST by Luke Adams

1:30pm: The trade is official, according to announcements from both the Hornets and Heat.

“I want to thank Terry for all his efforts since coming to Charlotte,” Hornets president of basketball operations Mitch Kupchak said in a statement. “On the court, he was a true professional and a great competitor who set a positive example for our young players. He also made himself a staple of the Charlotte community with his commitment to giving back. We wish him all the best in the future.

“The acquisition of a future first-round pick provides us an asset as we look to build long-term sustainable success around our young core of talented players. We believe adding this future pick and the additional financial flexibility from this trade will be beneficial as we continue to build our team moving forward.”

9:13am: The Hornets are trading guard Terry Rozier to the Heat in exchange for Kyle Lowry and Miami’s 2027 first-round pick, sources tell Adrian Wojnarowski of ESPN (Twitter link). Shams Charania of The Athletic first reported (via Twitter) that the two teams were closing in on a deal.

The 2027 first-rounder will be lottery protected, according to Jake Fischer of Yahoo Sports (Twitter link). If it lands in the top 14 of the ’27 draft, the Heat would keep it and would instead send the Hornets their unprotected 2028 first-round pick, Fischer adds.

Rozier is in the midst of a career year. His 23.2 points and 6.6 assists per game through 30 appearances (35.5 MPG) are both career highs, as is his 45.9% field goal percentage.

While the 29-year-old has played a key role in Charlotte in recent years – starting all 298 games he has played for the team since 2019 – the 10-31 Hornets are far from contention, so it makes sense for the team to move on from him and recoup future assets.

Fischer reported last week that Rozier had a “known preference” to end up in Miami if he were to be traded this season. According to Barry Jackson of The Miami Herald (Twitter link), Rozier’s favorite player growing up was Heat star Dwyane Wade.

The Heat have had a solid first half despite dealing with injuries to several starters and rotation players — they currently sit in a tie for the sixth seed in the East, with a 24-19 record. Still, the club could use the sort of offensive punch that Rozier will provide. Miami’s 113.4 offensive rating ranks just 20th in the NBA and 10th among Eastern teams.

Rozier is earning approximately $23.2MM this season, while Lowry is on a $29.7MM expiring contract, so the deal will save the Heat a substantial chunk of money in the short term. In addition to trimming its 2023/24 team salary, Miami will reduce its projected luxury tax bill by approximately $15MM and will move well below the second tax apron, as cap experts Yossi Gozlan and Bobby Marks observe (Twitter links).

The move will add some money to the Heat’s books in future seasons, however. Whereas Lowry will reach free agency this offseason, Rozier is owed $24.9MM in 2024/25, and his $26.6MM cap hit for ’25/26 features a significant partial guarantee ($24.9MM).

The Hornets, meanwhile, will create some cap flexibility for future seasons by moving Rozier’s multiyear deal for Lowry’s expiring contract. As Gozlan points out (via Twitter), the team could generate approximately $45MM in cap room this summer.

However, Charlotte likely isn’t done dealing and remains in asset accumulation mode, as Wojnarowski tweets. Miles Bridges, P.J. Washington, and Gordon Hayward are among the other veteran candidates on the Hornets’ roster. Additionally, the front office is expected to see if it can flip Lowry in another trade before the February 8 deadline, sources tell Wojnarowski (Twitter link).

Lowry won’t have positive trade value on his own, but his expiring money may appeal to a team looking to move off a player on a multiyear deal. The Hornets could potentially extract an asset or two if they’re willing to take back an unwanted contract.

If no trade emerges for Lowry, he’d be a buyout candidate after the trade deadline. Because his salary is above the mid-level exception, the 37-year-old wouldn’t be permitted to sign with a team whose salary is above either tax apron. He’d also be ineligible to return to Miami.

It’s worth noting that the Heat owe a lottery-protected 2025 first-round pick to Oklahoma City and can’t leave themselves without first-rounders in consecutive drafts, due to the Stepien rule. So if that ’25 pick lands in the lottery, Miami would owe the Thunder an unprotected 2026 first-round selection and would send Charlotte its unprotected 2028 first-rounder.

The Heat will create a $6,477,319 trade exception in the swap — that’s the difference between Lowry’s outgoing salary and Rozier’s incoming cap charge.

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.