July 7, 2017 11:59 am
Updated: July 7, 2017 12:02 pm

Toronto Raptors officially announce re-signing of Kyle Lowry and Serge Ibaka

The crowd reacts after Toronto Raptors guard Kyle Lowry (7) a basket in the last seconds of second half NBA playoff basketball action against the Milwaukee Bucks in Toronto on April 18, 2017.

THE CANADIAN PRESS/Nathan Denette
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TORONTO – The Toronto Raptors have officially re-singed point guard Kyle Lowry and forward/centre Serge Ibaka.

Deals for both players were reported last week but couldn’t be officially signed before Friday.

“I’m back here for a reason,” Lowry said a press conference Friday. “They believe in me and I believe in them. That makes it easy.”

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“At the end of the day I want to help this organization get better, I want to help the younger guys get better. I’m going to take this city to new heights. I’m going to take this country to new heights.”

Lowry’s deal is for US$100 million over three years, a source told The Associated Press last week.

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The three-time all-star averaged 22.4 points and 7.0 assists last season for the Raptors.

Ibaka’s contract is reportedly worth US$65 million over three seasons.

The Raptors acquired the six-foot-10 Ibaka in the deal that sent Terrence Ross to Orlando at the trade deadline.

© 2017 The Canadian Press

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