Toronto Raptors re-sign forward Serge Ibaka to three-year deal

Posted July 03, 2017

The Raptors and the free agent came to terms on a three-year, $65 million deal on Sunday morning, keeping the big man in the fold long-term.

Kyle Lowry has announced in The Players Tribune that he has chosen to remain with the Raptors. The 31-year-old point guard fell off a cliff this past postseason, but he remains an elite fantasy option when healthy. Last season, he averaged 14.8 points, 6.8 rebounds and 1.6 blocks per game.

Serge Ibaka takes in Fashion Week last month in Paris.

Losing Lowry represented the worst-case scenario for the Raptors, as the point guard has established himself alongside shooting guard DeMar DeRozan as one of the most lethal backcourt combos in the league. "I was not born in the jungle", Ibaka said. Ibaka agreed to terms on a three-year contract worth $65 million, a person with knowledge of the negotiations told AP, speaking on condition of anonymity because the deal can not be signed until the NBA's off-season moratorium ends on Thursday. He was an unrestricted free agent this summer after spending his last five seasons with the Raptors.

The Magic then shipped him to the #Toronto Raptors at the trade deadline.

"It was up to me to decide whether this thing we have - is it worth sticking around for, and running it back again, and seeing if we can take that next step?"

On one hand, the new Kyle Lowry contract is a bit surprising, as many National Basketball Association rumors had stated that he really needed a fourth-year in any deal he received.

Despite being their first-reported interest, the New York Knicks are no longer expected to seek permission from the Toronto Raptors to talk to president Masai Ujiri for their same vacant role, according to ESPN's Ramona Shelburne.