The Grizzlies selected Lowry with the 24th overall pick. They signed the guard to a two-year, $2.09 million rookie contract. Lowry made $1,011,720 during his rookie season and averaged 5.6 points and 3.2 assists.
In his second year in the league, Kyle Lowry increased his scoring average to 9.6 points. He made $1,087,680.
However, the Grizzlies chose to trade Lowry during his third year. Memphis sent the Philly native to the Houston Rockets. Lowry made $1,163,520 that season and averaged 7.6 points and 3.6 assists in 77 games with the Grizzlies and Rockets.
In the summer of 2009, Lowry could have signed a rookie-scale extension with the Rockets. However, the franchise and Lowry couldn’t agree to a deal.
Kyle made $2,034,997 during the 2009-10 season. He put up 9.1 points and 4.5 assists and was set to enter restricted free agency in the offseason of 2010.
Kyle Lowry signed an offer sheet with the Cleveland Cavaliers but the Rockets matched it. Lowry got a four-year, $24 million contract. He made $5,750,000 in 2010-11 and put up 13.5 points and 6.7 assists.
Lowry followed that up by averaging 14.3 points and 6.6 dimes during the 2011-12 lockout season while making $4,628,049.
In the summer of 2012, the Rockets decided to trade Lowry to the Toronto Raptors. Since then, Kyle has been able to find his niche in the league and establish himself as one of the best point guards in the NBA.
In his first season with the Raptors, Kyle Lowry made $5,750,000 and averaged 11.6 points and 6.4 assists. His breakout year was during the 2013-14 campaign when he put up 17.9 points per game and became a full-time starter.
That set him up to sign a four-year, $48 million contract with the Raptors in the summer of 2014.
During the 2014-15 season, Lowry made his first All-Star team and earned $12 million. He finished the regular season with averages of 17.8 points and 6.8 assists.
Kyle has made the All-Star team every single year since 2015. He wound up signing a three-year, $100 million deal with the Raptors in the summer of 2017 after his 2014 contract expired.
Kyle Lowry made $32,700,000 during the 2018-19 season. That’s the campaign Kawhi Leonard led the Raptors to their first-ever championship in franchise history.
Lowry put up 14.2 points and 8.7 assists during the 2018-19 regular season. He then averaged 15.0 points and 6.6 dimes in the 2019 playoffs to help Toronto win the Finals in six games over the Golden State Warriors.
After Leonard left the Raptors after just one season, Toronto turned around and gave Lowry a one-year, $30.5 million extension in October of 2019. The All-Star guard was set to make $34,996,296 in 2019-20 before games were suspended due to COVID-19.
Kyle Lowry becomes an unrestricted free agent in the summer of 2021 and is scheduled to make $30 million whenever the 2020-21 season begins.