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.