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Report: Kyle Lowry, Raptors Agree to One-Year Extension

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Kyle Lowry and the Toronto Raptors have agreed on a one-year, $31 million contract extension that takes the five-time All-Star guard out of July’s free-agent market, agent Mark Bartelstein of Priority Sports told ESPN.

The extension guarantees Lowry two years and $64 million on the books — including the $33.3 million left on his expiring contract this season.

Toronto president Masai Ujiri, general manager Bobby Webster and Lowry’s camp had been motivated to hammer out an extension for months. Over the weekend, the sides closed on a deal that delivers the Raptors options as they evaluate how they’ll construct a post-championship roster — and delivers Lowry the opportunity to extend his stay with a franchise with which he’s wanted to complete his career.

Source: Adrian Wojnarowski of ESPN

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Sources: Magic ‘expressed interest’ in DeMar DeRozan

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Multiple league sources say the [Orlando] Magic are scouring the trade market for scoring help and have already expressed interest in trading for [DeMar] DeRozan.

Source: Kevin O’Connor of The Ringer

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Sources: Iman Shumpert, Nets Agree to Deal

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Free agent guard Iman Shumpert is signing with the Brooklyn Nets, league sources tell ESPN. Nets have a 16th roster spot until Wilson Chandler suspension ends in mid-December

Source: Adrian Wojnarowski on Twitter

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Sources: Caris LeVert to Miss Several Weeks with Ligament Damage in Thumb

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Sources tell NBA Insider @ShamsCharania that Nets guard Caris LeVert will miss several weeks with feared ligament damage in thumb.

Source: Shams Charania via Stadium on Twitter

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