Kyle Lowry announces plan to opt-out this summer

As the game clock expired in Game 4 of the Eastern Conference Semi-Finals, marking an end to yet another disappointing season for the once highly touted Toronto Raptors, the first question that came to mind was, “What does the future hold for Kyle Lowry?”

Today, Lowry announced his intentions to opt-out of the final year remaining in his contract. Lowry, 31, was set to make $12 million in the 17-18 season. Presumably looking to cash in on the ballooning NBA salary cap, Lowry is eligible to sign a deal worth approximately $205 million with Toronto, other teams however, can only offer Lowry four years, and around $152 million.
With the acquisitions of Serge Ibaka & PJ Tucker prior to the NBA trade deadline, Raptors brass were expecting Lowry along with fellow All-Star backcourt mate, DeRozan, to take the next step forward & challenge the Cleveland Cavaliers for the top spot in the East. Only a year removed from pushing the Cavs to six games in last year’s Eastern Conference Finals, the Raptors could not even manage to grab a win this year’s series. Similar to the clippers situation with Chris Paul, the Raptors are now faced with the decision of shelling out major money to an aging PG or letting him walk in free agency for nothing in return.