Kyle Lowry had seven days following the last game of the season to exercise the early termination option in his contract with the Toronto Raptors and Friday the paperwork was completed, according to ASM Sports.
"I will be opting out and that's as far as I've gotten," Lowry told reporters on Monday. "Honestly, that is as far as I've gotten. We lost yesterday. I still have to get my ankle healthy, get treatment, get to that point."
Lowry is expected to re-sign with the Raptors, however it's not a lock.
"I want a ring," Lowry said.