Toronto Raptors' re-signings of Kyle Lowry, Serge Ibaka become official

The Toronto Raptors officially re-signed All-Star point guard Kyle Lowry and free agent power forward Serge Ibaka to multi-year contracts on Friday.

Lowry's contract is a reported three-year, $100 million deal, and Ibaka's is for three years and worth $65 million.

In five seasons with Toronto, Lowry averaged 18.2 points, 6.8 assists, 4.7 rebounds, 1.6 steals and 35.0 minutes during 354 regular-season games. He also averaged 18.1 points, 5.6 assists and 4.5 rebounds in 39 playoff appearances.

Lowry is the Raptors' all-time career leader with 828 made 3-pointers, second in assists (2,405) and sixth in scoring with 6,430 points. Over the past four seasons, he leads all Eastern Conference players with 727 3-pointers made.

"Kyle has been a valuable part of our team's success the past five years," Raptors team president Masai Ujiri said in a statement. "He has grown as a player and person during his time in Toronto and we are excited that he wants to be here to help us continue building a championship program."

Lowry averaged a career-high 22.4 points and shot a career-best 41.2 percent (193 of 468) from 3-point range in 60 games during the 2016-17 season.

The 6-foot-10, 235-pound Ibaka averaged 14.8 points, 6.8 rebounds, 1.6 blocks (10th in the NBA) and 30.7 minutes in 79 games (all starts) last season between the Orlando Magic and Raptors.

Ibaka averaged 14.3 points, 6.5 rebounds and 30.7 minutes in 10 playoff games. The Raptors acquired him from the Magic on Feb. 14.

"We are thrilled with the skills and intangibles Serge brings to our team," Ujiri said. "He is one of the top two-way power forwards in the NBA and his ability to stretch the floor is a valuable asset today's game."

A native of the Republic of Congo, Ibaka owns career averages of 12.0 points, 7.3 rebounds, 2.4 blocks and 29.1 minutes in 603 career games (492 starts) with Oklahoma City, Orlando and Toronto.