Kyle Lowry & Toronto Raptors agree to 4-Year, $48m deal

Former Villanova basketball player Kyle Lowry and the Toronto Raptors have agreed, in principal, to a 4-year, $48m deal that will keep him in Canada.

Kyle Lowry has agreed to a 4 year, $48M contract to stay with Toronto, sources tell Yahoo.

— Adrian Wojnarowski (@WojYahooNBA) July 3, 2014

According to Sports Illustrated, the contract reportedly includes an early termination option after the third season.

After being traded to Toronto in 2012, the former Villanovan had an impact contract season last year as he averaged career bests in points (17.9), assists (7.4), and rebounds (4.7) taking the Raptors to the NBA Playoffs for the first time in six seasons. Numbers that vaunted his skills as one of the best point guard free agent targets in this off-season.

Lowry was drafted out of Villanova with the 24th pick of the First Round in the 2006 NBA Draft by the Memphis Grizzlies.