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2014 NBA Free Agency: Kyle Lowry Re-Signs With Raptors

Lowry stays put in Toronto.

Edited by Joanna Nesgoda

John E. Sokolowski-USA TODAY Sports

Yahoo's Adrian Wojnarowski is reporting that point guard Kyle Lowry is staying put.

Lowry and the Toronto Raptors agreed on a new four-year, $48 million contract. Lowry had been pursued by his former team, the Houston Rockets, as well as the Miami Heat. In the end, it appeared Lowry wanted the money and/or perhaps he is happy with the direction the team is headed in. It would be hard not to be, with GM Masai Ujiri building a young team that won the Atlantic Division last year.

Lowry's deal includes an early termination option after year three. This could possibly spell the end of Grevis Vasquez up north.

For more on the Raptors, make sure you check out Raptors HQ.