Lowry agrees to re-sign with Raptors

Published: Wednesday, July 2 2014 9:47 p.m. MDT

Updated: Wednesday, July 2 2014 9:47 p.m. MDT

Toronto Raptors guard Kyle Lowry (7) reacts in waning minutes of the second half of Game 4 of an NBA basketball first-round playoff series against the Brooklyn Nets at the Barclays Center, Sunday, April 27, 2014, in New York. The Raptors evened the series at 2-2, defeating the Nets 87-79. (AP Photo/Kathy Willens)

Kathy Willens, ASSOCIATED PRESS

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TORONTO — Kyle Lowry is staying with the Toronto Raptors after leading them to the Atlantic Division title.

The point guard has agreed to re-sign with the Raptors, his agent confirms Wednesday night. Yahoo Sports reported that the deal was for four years and $48 million.

Lowry averaged career highs of 17.9 points and 7.4 assists for the Raptors, who were one of the NBA's biggest surprises in going 48-34. He was reportedly targeted by contending teams such as Miami and Houston during free agency.

Contracts can't be signed until July 10.

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