The Toronto Raptors are retaining free agent point guard and fan favorite Kyle Lowry.

Having led the Raptors back into the postseason for the first time in five seasons, Lowry earned himself a four-year, $48 million deal (the fourth year is a player option.)

Per Yahoo!:

“Toronto is just the right place for me,” Lowry said.

 

Securing Lowry, a cornerstone of the Raptors revival, had been general manager Masai Ujiri’s No. 1 priority in the offseason, and stands as a coup for a franchise that had struggled in years past to get frontline NBA players to commit long-term.

 

Lowry stands to become an even more popular and marketable figure in Toronto with his decision to return to the team.

Kyle Lowry, 28, is coming off the best season of his eight-year NBA career, posting averages of 17.9 points, 7.4 assists and 4.7 rebounds per game.