The Houston Rockets agreed to trade point guard Kyle Lowry to the Toronto Raptors for a future guaranteed lottery pick, according to Yahoo Sports.
The 26-year-old point guard had issues with Rockets coach Kevin McHale and asked to be traded this off-season. The Raptors are willing to offer a guaranteed lottery pick for a player that is expected to start from Day 1 in Toronto.
Lowry is the second guard to depart Houston in the last two days. The Rockets allowed Goran Dragic to sign a four-year, $34 million contract with the Phoenix Suns.
It looks like the Rockets may be clearing out their glut of point guards to make a serious run at Knicks restricted free agent Jeremy Lin. The Rockets offered Lin a backloaded four-year, $30 million deal, meant to make it difficult for the Knicks to match the offer.
The deal would pay Lin $5 million annually for the first two years of the deal and then jump up to approximately $10 million for years three and four. Rockets general manager Daryl Morey clearly values Lin and regrets cutting him in December, but offered a contract that is also meant to knock the New York Knicks out of the running for the talented point guard.
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The Knicks have repeatedly said that they will match any offer for Lin, but the backloaded deal - known as a poison pill - will make it very expensive to keep him. The main reason is that the final two years would push the Knicks into paying luxury tax payments, potentially as much as $35 million, according to Forbes' Allen St. John.