Ibaka was a huge presence for Toronto last season as he averaged 14.2 points, 6.8 rebounds, and 1.4 blocks per game following the trade.
Losing Lowry represented the worst-case scenario for the Raptors, as the point guard has established himself alongside shooting guard DeMar DeRozan as one of the most lethal backcourt combos in the league. Along with Tucker, Ibaka gave the Raptors an instant defensive upgrade. The new deal for Serge will average out to be over $21.5 million per season.
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National Basketball Association sources have confirmed a report by ESPN's Adrian Wojnarowski that the free agent power forward/centre has agreed to a three-year, $65 million (all figures US) contract with Toronto.
Based on Toronto's current situation, I would guess that Lowry signs a three-year deal with the Raptors worth somewhere around $87 million. It's telling me that the Raptors can be a championship-level team, sooner than later. At the end of the season, he said his daughter liked Toronto though and he is close with his former Oklahoma City assistant coach Rex Kalamian, who remains on Dwane Casey's staff.
When Toronto got Ibaka before the trade deadline last season, the Raptors made clear they had no intentions of letting him walk away this summer in free agency. Ibaka and Lowry share the same agent and I would imagine Ujiri has at least worked out the framework of what a new deal would look like for Lowry. This can allow Toronto to clear out a ton of salary then to reset if they want. It was the final year of his four-year deal.