One of the Miami Heat’s top free agent priorities is off the board. Kyle Lowry has re-signed with the Toronto Raptors, according to Adrian Wojnarowski of Yahoo Sports.
Sources: Kyle Lowry reaches agreement on a four-year, $48M deal with Toronto. http://t.co/oF4O0LJA6L
— Adrian Wojnarowski (@WojYahooNBA) July 3, 2014
This ain’t Amir jersey y’all!! Lol….. it’s for the 2014-15 season cause Toronto will be my home city http://t.co/kOFGonoKES
— Kyle Lowry (@Klow7) July 3, 2014
Lowry’s deal is worth an average of $12 million per year, the same annual pay Marcin Gortat (another Heat target) received after re-signing with the Washington Wizards.
The Heat were reported to be targeting Lowry early, but seemingly backed off following reports that the Raptors were willing to pay him at least $12 million a year. That price was too high, especially with LeBron James reportedly asking for a max deal, and Dwyane Wade and Chris Bosh still unsigned.
Heat knew they had dwindling shot at Lowry, especially with everything on hold for Big 3. Lowry wanted to seal things up early, it seems.
— Zach Lowe (@ZachLowe_NBA) July 3, 2014
This leaves Miami still searching for a point guard, with only Norris Cole and Shabazz Napier on the roster.
The team can re-sign Mario Chalmers, but things ended poorly for both parties after Chalmers was benched in the final game of the season. However, their hasn’t been much reported interest from the rest of the league in Chalmers this offseason, which should drive his asking price down.
Then there is Jameer Nelson, recently waived by the Orlando Magic. Nelson presents an interesting option for the Heat, who could sign the nine-year veteran to a short term deal as a stop gap for the developing Cole and Napier.
All of that said, Bleacher Report’s Ethan Skolnick is reporting that the Heat are prioritizing wing players.
Miami has been linked to Trevor Ariza, Shawn Marion and Vince Carter, among others.