It's Official: Kyle Lowry Waived By Hornets, To Sign Deal With Championship Contender

The Charlotte Hornets have made it official Sunday afternoon, waiving Kyle Lowry, and clearing the way for him to sign a contract to finish the season with his hometown Philadelphia 76ers. 

Lowry announced as much on Sunday with his own hype video on social media:

Kyle Lowry's hype video after announcing that he's coming home to Philadelphia to play for the Sixers 🔔

(via @PrioritySports)pic.twitter.com/lA8ed4qzlm

— ClutchPoints (@ClutchPoints) February 11, 2024

According to insider Adrian Wojnarowski, Lowry will sign for $2.8 million with Philly for the balance of the season. 

Soon to be 38 years old, the veteran point guard brings a world of experience to the Sixers backcourt, and he'll be reunited with Nick Nurse, his coach from their championship days with the Toronto Raptors. 

Kyle Lowry's homecoming is more about leadership than talent.

If the point guard can make a play here or there, that will be a big help for the undermanned Sixers, who have lost eight of their last 10 games. We’ll find out how much more tread the 6-footer has left on his shoes.…

— Keith Pompey (@PompeyOnSixers) February 11, 2024

With Joel Embiid out for a while, the Sixers have been hurting, losing eight of their last 10 games. Obviously, Lowry won't be replacing the big guy's production, but adding a leader like Lowry can only help. His history with Nurse brings a championship thread to the locker room. 

Lowry, a 6-time All-Star, is averaging 8.2 points, 3.5 rebounds and four assists this season in 37 games, playing about 28 minutes a night (his lowest playing time average in 14 years). 

Lowry was born and raised in Philly, and attended Villanova University. In 17 NBA seasons, he’s averaging 14.4 points and 6.2 assists.

Photo: Wendell Cruz-USA TODAY Sports