Photo by Jim Poorten/NBAE via Getty Images. Pictured: Kyle Lowry.
Kyle Lowry has agreed to a three-year deal with the Miami Heat in a sign-and-trade with the Toronto Raptors, Yahoo Sports reported on Monday.
The news came after The Athletic reported that Jimmy Butler will agree to a max-extension with Miami when he is eligible on Aug. 6.
The Heat also have reportedly re-signed Duncan Robinson on a five-year deal worth $90 million.
The moves shortened the Heat’s odds to win the 2022 NBA Championship from +3500 to +3000 at DraftKings and from +3500 to +2700 at FanDuel as of Monday night.
Miami’s odds then moved further down to +2800 at DraftKings.
The Heat’s odds to win the title actually lengthened at PointsBet from +2000 to +2200 relative to the night prior to the start of the free agency.
Miami’s odds to win it all stayed at +3500 at BetMGM.
DraftKings did not change 2022 NBA Championship odds for any other team. The Brooklyn Nets are still +200 favorites to win their first title while the Los Angeles Lakers are +400 after their acquisition of Russell Westbrook.
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The Milwaukee Bucks are +950 to defend their trophy while the Warriors are +1000 with the impending return of Klay Thompson and the additions of lottery picks Jonathan Kuminga and Moses Moody.
At FanDuel, two other contenders’ odds changed in the aftermath of the Lowry and Butler news. The Philadelphia 76ers‘ line to win it all lengthened from +1600 to +1700 and the Atlanta Hawks‘ odds to do the same dropped from +3500 to +4000.
The Nets are +220 favorites, the Lakers are +440 second-best favorites and the Bucks are +850 third-best favorites to win the Larry O’Brien Trophy at FanDuel as of Monday night.
The Los Angeles Clippers, Warriors, Utah Jazz and Phoenix Suns are all currently tied at +1300 to bring home the silverware at the sportsbook.
