Kyle Lowry isn't going anywhere.
The teams were unable to work out a deal, and Lowry will finish the 2020-21 season on the team he has spent the majority of his career with.
The 35-year-old has been a member of the Raptors since 2012 after the Houston Rockets traded him to Toronto for a first-round pick. Lowry has thrived in Toronto and has been selected to six All-Star teams. He also helped lead the organization to its first title in the 2018-19 campaign.
He was excellent last year, picking up some of the scoring slack after Kawhi Leonard left by averaging 19.4 points to go along with 7.5 assists and 1.4 steals per game. He shot 41.6 percent from the field and 35.2 percent from three.
The production has continued this year with averages of 17.4 points and 7.5 assists per game.
At some point, the Raptors were bound to move off their veterans and build around Pascal Siakam, Fred VanVleet and OG Anunoby. The team traded Norman Powell to the Portland Trail Blazers on Thursday, per Wojnarowski.
With Lowry set to become a free agent this offseason and Toronto struggling to an 18-26 record, it seemed like a perfect time to start the rebuild.
Instead, the Raptors will ride out their current core.