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Raptors Acquire Kyle Lowry From Rockets

WEDNESDAY, 10:36am: The Raptors officially announced in a press release that they have acquired Kyle Lowry in exchange for Gary Forbes and a first-round pick.

THURSDAY, 2:38pm: The pick going to the Rockets will be top-three protected in 2013, top-two protected in 2014 and 2015, and top-one protected in 2016 and 2017, tweets Jerome Solomon of the Houston Chronicle. Solomon adds that if the pick isn't in the lottery, the Raptors will keep it until the next season. If the pick doesn't meet these criteria for five seasons, Toronto's 2018 first-rounder will be sent to Houston no matter where it lands.

1:41pm: The pick headed to Houston will be protected "both ways," says Jonathan Feigen (via Twitter). So the Rockets won't get it if it's too high in the lottery, but also won't be forced to take it if it's too low in the first round.

1:30pm: The Raptors and Rockets are working on something "innovative" involving the first-rounder headed to Houston, tweets Adrian Wojnarowski of Yahoo! Sports. My guess is that it could involve reverse protection — for instance, if the pick falls outside of the top 10, Toronto keeps it, and if it's in the top 10, it's sent to the Rockets. That's just my speculation though.

1:25pm: The Rockets will also acquire Gary Forbes in the deal, tweets Jonathan Feigen.

1:05pm: The Raptors have agreed to send a first-round pick to the Rockets for Kyle Lowry, according to ESPN.com's Chris Broussard (Twitter link). Jonathan Feigen of the Houston Chronicle reports that the first-rounder will likely be a lottery pick, and is part of a package (Twitter links).

After heading into the offseason with one affordable young point guard under contract and another one entering free agency, the Rockets have parted ways with both players. When Goran Dragic agreed to a contract with the Suns yesterday, it appeared Houston may hold on to Lowry, even though he had publicly expressed displeasure with his situation in Houston. But now the team has apparently turned its point guard focus to Jeremy Lin, who is expected to be re-signed by the Knicks.

For the Raptors, who missed out on Steve Nash, Lowry is a younger, more affordable alternative. The 26-year-old, who averaged 14.3 PPG, 6.6 APG, and 18.9 PER in 2011/12, is under contract for two more years for about $12MM total. As Zach Lowe of SI.com tweets, it's one of the more attractive non-rookie contracts in the NBA.

ESPN.com's Marc Stein (via Twitter) first reported that the two sides were "on the verge" of an agreement, after reporting yesterday that Toronto was still making a push for Lowry. Chad Ford of ESPN.com notes (via Twitter) that the Rockets tried to acquire the Raptors' 2012 first-rounder in a deal for Lowry, since they were targeting Andre Drummond or Austin Rivers. The pick in the trade figures to come in the 2013 draft, which will have a weaker class.

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26 thoughts on “Raptors Acquire Kyle Lowry From Rockets

  1. go raptors

    ohhh baby what a steal

  2. mike melusky

    Wow awesome trade, Lowry is a legit star.

  3. Connor Rosine

    Fantastic recovery, Bryan.

  4. Great deal for raptors

  5. go raptors

    oh snap lowry, derozan, terrence ross, bargs, valanciunas, landry fields, thats a solid young core

  6. Cory Taylor

    Who the hell is going to play PG for houston?

    • go raptors

      go draft one with our pick LOLOLOLOLOLOLOL

    • dreamshake

      fucking livingston… if we dont get lin

    • Beanscuz11

      Lin

      • Cory Taylor

        the knicks have to match the offer sheet. They have NOTHING behind lin right now

  7. go raptors

    colangelo i love you!!!!!!!

  8. Raptorfan

    This is a big F.U to Mitch Kupchak and Nash !

  9. stupid rockets! I don’t get this. We shell out millions for an unproven center and are trying to shell out millions for a pg in Lin who had a decent run but is unproven. Can someone from the organization please come out of the woodwork and explain this logic!?!?

    • I don’t know what the Rockets are doing this offseason.

      • Cory Taylor

        Lin is going to go back to the knicks. They have to match the contract

  10. dreamshake

    GARY FORBES? houston could have done so much better

    • CanadianBravesFan

      I think the main thing here is the pick, but yea, as a Raps fan, I’m happy… and I won’t miss Forbes… he’s alright though

  11. BrickTops

    My Rockets got fleeced

  12. jays023

    Lowry was plan C and frankly, it made more sense than Plan B, Steve Nash. For a team like the Raptors, they need someone young who could contribute in the future. Nash would just be a flashy pickup. Playoffs would be a possibility either way, but if we are talking longer term, of course Lowry makes more sense.

  13. CanadianBravesFan

    Fantastic news (for the Raps)

  14. Reece27

    Aw man, they robbed the Rockets. I was hoping the Rockets could get back J.Bayless or Calderon’s expiring contract. Somebody has to play PG. I think the only PG on the Rockets roster is S.Livingston. Maybe the Rockets should make a run at Sessions, before the PG market is depleted. idk

  15. Derek Lee

    Why don’t the Rockets try to sign Aaron Brooks?

    • thesultanofswingandmiss

      And who is that again? No wonder they won’t

  16. Gonzalesv

    rockets got boned in this deal .. lowry is a good ypung point guard on the cheap , not that i thoght he was a great player but i thought he had more value then this .

  17. thesultanofswingandmiss

    Is Nash really that good anymore?

  18. lol this trade blows

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