LOWRY BACK TO RAPTORS FOR $100 MILLION
Free-agent point guard Kyle Lowry announced he is re-signing with the Raptors.
The two sides agreed to a three-year, $100 million deal, sources told ESPN.
“At the end of the day, this was an easy decision,” Lowry said in a post on The Players’ Tribune. “And all of those roads ... They all led me back to the same place: home.
“They all led me back to Toronto.”
Lowry opted out of the final year of his contract with the Raptors in May. The three-time all-star had one year and $12 million remaining on the fouryear, $48 million deal he signed in July 2014.
Ibaka stays with Toronto.
Free-agent forward Serge Ibaka agreed to a threeyear, $65 million contract to stay with the Raptors, league sources told ESPN’s Adrian Wojnarowski.
Ibaka’s representation, ASM Sports, confirmed in a tweet that a deal had been agreed to Sunday.
Nene has new deal.
After an original freeagent deal fell apart, Rockets center Nene agreed to a new, three-year, $11 million contract with the team.
The original four-year contract agreement was nullified Saturday based upon the league’s over-38 rule that limits long-term deals, so former Nugget Nene and the Rockets reached agreement on the new, shorter deal.
Gibson joins T-wolves.
MINNEAPOLIS» Taj Gibson is reuniting with coach Tom Thibodeau, agreeing on a two-year, $28 million deal to join the Timberwolves.
The Cavaliers came to terms on a threeyear, $22 million contract with free agent Kyle Korver, sources told ESPN.com.