Kyle Lowry Announces He Will Opt Out
PHILADELPHIA (CBS) -- Toronto Raptors all-star point guard Kyle Lowry will officially hit the market this summer.
Related: Porter: Kyle Lowry May Be Worth It For Philly
Lowry, 31, announced on Monday that he will opt out of his contract to become an unrestricted free-agent in July.
This Just In: Kyle Lowry has announced that he will opt out of his contract to become an unrestricted free agent in July. pic.twitter.com/Op5z3mzp0u
— SportsCenter (@SportsCenter) May 8, 2017
Lowry has a 2017-18 player option for his $12 million salary.
Toronto can re-sign the Philly native to a five-year deal worth $205 million. Every other team can only offer Lowry a four-year deal worth approximately $152 million.
The Sixers will pursue Lowry, according to ESPN.com's Zach Lowe.
ESPN's Marc Stein reports that Lowry is considering moving to the Western Conference:
Late-season rumbles that Kyle Lowry will give legit thought to a free-agent switch to the West are sure to rise in volume after this series
— Marc Stein (@TheSteinLine) May 7, 2017