NBA: Raptors re-sign guard Lowry for 4 more years

Kyle Lowry #7 of the Toronto Raptors tries to drive around Deron Williams #8 of the Brooklyn Nets in Game Seven of the NBA Eastern Conference Quarterfinals at the Air Canada Centre on May 4, 2014, in Toronto, Ontario, Canada. Lowry, who helped Toront
Kyle Lowry #7 of the Toronto Raptors tries to drive around Deron Williams #8 of the Brooklyn Nets in Game Seven of the NBA Eastern Conference Quarterfinals at the Air Canada Centre on May 4, 2014, in Toronto, Ontario, Canada. Lowry, who helped Toronto reach the post-season for the first time in a half dozen years, and the Raptors have agreed a four-year contract extension. -- PHOTO: AFP

TORONTO (AFP) - Kyle Lowry, who helped Toronto reach the post-season for the first time in a half dozen years, and the Raptors have agreed a four-year contract extension.

The 28-year-old free-agent guard told Yahoo Sports "Toronto is just the right place for me" and re-tweeted the report about the deal. The contract is reportedly worth US$48 million (S$60 million).

Lowry averaged 17.9 points and 7.4 assists in his second season with Toronto.

He was acquired in a July 2012 trade with the Houston Rockets, who were one of the clubs looking at adding Lowry to their roster.

Lowry has averaged 11.7 points and 5.4 assists in 506 National Basketball Association games for Memphis, Houston and Toronto.