Kyle Lowry opts out of final year with Raptors

ASM Sports, which represents Kyle Lowry, confirmed on Twitter Friday that Raptors star point guard has opted out of the last year of his contract with Toronto.

“ASM client @Klow7 has officially opted out of his contract with the @Raptors. He had 7 days from the last game to execute,” the company tweeted.

The 31-year-old Philadelphia native signed a 4-year, $48 million deal with the Raptors in 2013.