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Kyle Lowry signs .8 million deal with Philadelphia 76ers after waiving

Kyle Lowry is joining the Philadelphia 76ers.

The Philadelphia 76ers are set to bring hometown hero Kyle Lowry back to the team after he was waived by the Charlotte Hornets. Lowry plans to sign a $2.8 million rest-of-season deal with the Sixers using a portion of their mid-level exception. Once the signing is official, the Sixers will still have two open roster spots and will be below the luxury-tax line.

The team has plenty of options to consider with their remaining roster spots. They could use their mid-level exception to sign players to minimum-salary contracts for up to four years. However, their focus is likely on maintaining flexibility for the offseason, where they could potentially create $65 million in cap space.

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