Kyle Lowry announced on Instagram on Thursday that he has agreed to remain with the Philadelphia 76ers.
The deal is for one year, Lowry's agent, Mark Bartelstein of Priority Sports, told ESPN's Adrian Wojnarowski.
Talks with Bartelstein and 76ers president Daryl Morey intensified last week as Lowry considered several contenders, sources told Wojnarowski. They reached an agreement Thursday for Lowry to return to his hometown Sixers, where he will bolster a veteran bench seeking a title with Joel Embiid, Tyrese Maxey and Paul George.
Lowry, 38, joined Philadelphia in the spring after being purchased by the Charlotte Hornets, who had acquired him in a trade with the Miami Heat for Terry Rozier.
He averaged 8.0 points and 4.6 assists in 23 games with the 76ers in the regular season and was a key part of Philadelphia's rotation both down the stretch and in their six-game first-round loss to the New York Knicks.
Lowry, a six-time All-Star, had played the previous two seasons with the Heat, with whom he signed as a free agent in 2021 after an illustrious career with the Toronto Raptors, where he won the NBA title in 2019.
Lowry returns to a revamped 76ers roster that hasn't advanced to the Eastern Conference finals since 2001. They spent more than $400 million to sign George from the LA Clippers and keep their homegrown All-Star point guard Maxey on the team for five more years. Morey also signed free agents Caleb Martin, Andre Drummond and Eric Gordon and re-signed Kelly Oubre Jr.
ESPN's Tim Bontemps and The Associated Press contributed to this report.
