RUMOR: How Lonzo Ball can help Pelicans land Kyle Lowry in free agency
It wasn’t too long ago that the thought of Kyle Lowry parting ways with the Toronto Raptors was unthinkable. Yet here we are now.
The New Orleans Pelicans have emerged as one of many teams showing interest in Lowry and it looks like Lonzo Ball will have a significant role to play in the Pelicans’ chase for the six-time All-Star.
According to Jake Fisher of Bleacher Report, New Orleans could look to clear up more cap room to make a significant offer for Lowry in free agency by renouncing their rights on Lonzo Ball’s current contract:
Multiple cap analysts around the league have also told B/R that New Orleans can clear upward of $36 million to offer Lowry by renouncing both Lonzo Ball and Josh Hart. By just renouncing Ball, the Pelicans could offer roughly three years, $100 million.
Ball will be a restricted free agent in the offseason and the Pelicans will have an option to match any offer from opposing teams. The same is the case for Josh Hart, but at this point, it looks like New Orleans will want to hold off on those offers in order to make a move on Lowry.
It is also worth noting that the Pelicans have already cleared a significant amount of cap room by sending Steven Adams and Eric Bledsoe to the Memphis Grizzlies. According to Fisher, New Orleans could table a deal of up to $90 million for Lowry for three years. That’s clearly a lot of money and the Pelicans will have to be fully committed to Kyle Lowry as their cornerstone point guard for the next few years should they decide to make such a significant offer.