3:34pm: Lowry is thinking over an offer from the Rockets, Wojnarowski tweets. That’s presumably a scenario that would see him sign outright with Houston rather than via sign-and-trade.
2:41pm: The Rockets were trying to work out a way to acquire Kyle Lowry via sign-and-trade with the Raptors, but Toronto isn’t playing along, and that appears to have put Houston out of the running for the free agent point guard, tweets Chris Broussard of ESPN.com. The Rockets had reportedly viewed Lowry as a fallback option if bigger names proved out of their reach.
Lowry met with the Raptors today and is mulling an offer from them, a league source tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). The Raptors have apparently been preparing to pitch a four-year, $48MM deal to the Andy Miller client, though another dispatch indicated that they were thinking about tacking a fifth year onto that.
The Heat are reportedly attempting to set up a meeting with the point guard, too. The Lakers and Mavs also apparently reached out to Lowry, who this spring made his affection for Toronto clear while stopping short of promising a return.