Kyle Lowry is re-signing with the 76ers on a one-year deal

Lowry himself shared the news himself in a fresh Instagram video.

The 38-year-old will be playing in his 19th NBA season in 2024-25. Adrian Wojnarowski of ESPN tweets that conversations between Philadelphia team president Daryl Morey and Lowry’s agent Mark Bartelstein of Priority Sports increased over the last week.

Per Woj, the 6-foot Villanova alum was weighing options for several playoff hopefuls, as he looks to win his second league championship.

After starting out the 2023-24 season with the Heat, Lowry’s expiring $29.7M contract was traded to the Hornets in exchange for the younger Terry Rozier, currently a more prolific offensive threat. Lowry negotiated a buyout and signed on with the Sixers, where he quickly earned a backcourt starting role alongside All-Star point guard Tyrese Maxey with De’Anthony Melton hurt.

Though no longer a high-volume scorer, Lowry remains an efficient three-point threat and a surprisingly savvy defender, able to use his unique body to knock opponents out of their desired position on the court. Across his 23 regular season contests with the Sixers last year (20 starts), he posted averages of 8.0 points on .444/.404/.848 shooting splits, 4.6 assists, 2.8 rebounds and 0.9 steals a night.

The Sixers have enjoyed perhaps the most productive offseason of any team this summer. Morey cleared out $53,474,648 in cap space, and pounced when nine-time All-Star combo forward Paul George became available, quickly signing him to a four-year, maximum deal worth nearly $212M.

Philadelphia also signed 3-and-D small forward Caleb Martin, brought back rebounder extraordinaire Andre Drummond after his two-year Bulls stint, used their full room exception to re-sign swingman Kelly Oubre, signed sharpshooter Eric Gordon to a minimum contract and then signed restricted free agent Tyrese Maxey to a maximum deal via his Bird rights. 

The Sixers could still conceivably bring back free agent swingman KJ Martin, too, if the price is right.

All told, with this depth surrounding a new core of George, Maxey and perennial MVP candidate Joel Embiid, Philadelphia now looks like one of the best-equipped clubs in the East to challenge the Celtics for conference supremacy next season.