Raptors to re-sign Serge Ibaka

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Now, the Raptors are turning all of their attention to re-signing point guard Kyle Lowry, which they are expected to do.

"I'm coming back to Toronto because my heart is telling me that it's home", said Lowry, noting that he still hasn't had poutine - a wildly popular dish in Canada.

Lowry's contract is a three-year deal worth $100 million, which serves as a healthy pay raise for the All-Star point guard.

The athletic big man's deal, which can't be finalized until the NBA's moratorium on free agent signings is lifted on Thursday, is reportedly worth US$65 million. It was the final year of his four-year deal. An average of $21.66 million per year is a heck of a lot of money for a big man who doesn't move with almost the same explosiveness that he used to, neither possessing the same degree of shot-blocking tenacity or rebounding that he did during his earlier years in Oklahoma City.

"They all led me back to Toronto".

Per Michael Grange of Sportsnet, the Raptors are "confident" they will re-sign both Lowry and Serge Ibaka this offseason. Ibaka will be a mid-range fantasy prospect this season. He was an unrestricted free agent this summer after spending his last five seasons with the Raptors.

Lowry averaged 22.4 points, 7.0 assists, 4.8 rebounds, 1.5 steals and 3.2 3-pointers per contest in 60 games during the regular season. "What's sure is that, no matter what, nobody can take away from me the pride for my origins and the love that I have for basketball".

ESPN first reported that Ibaka will return to the Raptors and the Toronto Star later confirmed the news. He previously played for the Oklahoma City Thunder, with whom he began his career in 2009.