Lowry's contract is a three-year deal worth $100 million, which serves as a healthy pay raise for the All-Star point guard.
Shams Charania of The Vertical reported that the deal will be worth $100M over three years.
However, retaining him makes little sense if the Raptors do not intend to also re-sign Lowry, who shares an agent with Ibaka, because Toronto would be heading for a rebuild.
"I'm coming back to Toronto because my heart is telling me that it's home - and because staying home, for me and my family, feels like the right thing to do". Kyle Lowry over everything still exists for the Raptors.
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For Ibaka, this deal pays him the contract he was likely looking for and also leaves him with a chance to earn another contract since he will be 31 years old once this deal expires.
"They all led me back to Toronto". "No matter what, nobody can take away from me the pride for my origins and the love that I have for basketball", ended Ibaka, a three-time member of the NBA All-Defensive Team.
Ibaka didn't call out any reporters specifically, but as Bleacher Report noted on Saturday, this week ESPN's Zach Lowe discussed the topic during an appearance on BR's "The Full 48" podcast. It's possible that the Raptors took this into account and bumped up the annual salary for the three seasons, making it more valuable than something with a fourth year attached to it.
Ibaka averaged 14.2 points, 6.8 rebounds and 1.4 blocks in 23 games with Toronto last season. Ibaka spent his first seven NBA seasons in Oklahoma City, helping the Thunder reach the 2012 NBA Finals against Miami.