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NBA Free Agency: Heat acquire Lowry in sign-and-trade deal for Dragic, Achiuwa; re-sign Robinson

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Goran Dragic and Precious Achiuwa will be traded to Toronto in the sign and trade deal for Kyle Lowry.

NBA: Preseason-Miami Heat at Toronto Raptors Kim Klement-USA TODAY Sports

After days of rumors surrounding All-Star point guard Kyle Lowry, multiple reports are coming in that are confirming that the former Toronto Raptors champion will indeed join his good friend Jimmy Butler on the Miami Heat in a sign-and-trade deal.

Adrian Wojnarowski is reporting that Lowry’s deal is for three years at approximately $90 million, which was struck at the start of the NBA free agency period, and that fan favorite Goran Dragic and second-year power forward Precious Achiuwa will be sent to the Toronto Raptors.

Lowry himself has confirmed the news on his Twitter account.

Tim Reynolds of the Associated Press is reporting that the Lowry deal has no player or team options.

Duncan Robinson is also returning to the Heat on a new deal worth approximately $90 million and for five years, since confirmed by his agent Jason Glushon to Wojnarowski, locking up the sharpshooter to play alongside the new core of Butler, Bam Adebayo and Lowry along with Tyler Herro.

The deal is the largest ever in the NBA for an undrafted player and includes an early termination option in the fourth year, according to Wojnarowski.

As this is a breaking news story, we’ll have more details on the deals once they’re officially announced along with in-depth roster analysis leading up to the new NBA season.