Finally, Toronto got someone to stay.
In addition to those reports, Lowry reported it himself.
<blockquote class="twitter-tweet" lang="en"><p>This ain't Amir jersey y'all!! Lol..... it's for the 2014-15 season cause Toronto will be my home city <a href="http://t.co/kOFGonoKES">http://t.co/kOFGonoKES</a></p>— Kyle Lowry (@Klow7) <a href="https://twitter.com/Klow7/statuses/484532729095016448">July 3, 2014</a></blockquote>
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The the 28-year-old out of Villanova posted career highs in points, rebounds, and assists last season, and was considered by some to be the Raptors' best player, despite DeMar DeRozan bring the lone Raps all-star.
Now what for Miami?
As it has been well reported, the Miami Heat desperately wanted Lowry, and were expecting to have a salary close to the average of $12 million per year to offer to him, even if the big three were to all re-sign.
Lowry's choice to remain north of the border could indicate his desire to make a name for himself, outside of the shadow of some of the league's brightest stars.
It could also indicate that reports about LeBron wanting a max contract of five-years and nearly $125 million and Chris Bosh wanting a five-year $90 million deal from the Heat are both true, and could severely hamper Miami's financial ability to attract a helpful free agent this off-season.
Miami has just one player under contract for next season at a guaranteed salary, Norris Cole, at $2.15 million.
According to NBA cap guru Larry Coon's Projections, this should leave the Heat with between $58 million and $60 million in salary space for this season.