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Report: Cavs ink Kyle Lowry to offer sheet

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07/14/2010 - Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers have reportedly made their first move of the post-LeBron James era, signing restricted free-agent guard Kyle Lowry to an offer sheet.

The Cleveland Plain Dealer is citing multiple league sources on the signing, reported to be for three years with a team option for a fourth that could bump the deal's value to $24 million.

Lowry averaged 9.1 points, 4.5 assists and 3.6 rebounds over 68 games last season for the Houston Rockets, who will have seven days to match Cleveland's offer.

The 24-year-old was originally selected by Memphis with the 24th overall pick in the 2006 draft out of Villanova. He was part of a three-team trade during the 2008-09 season that landed him in Houston.

In 237 career games between the two teams, including 30 starts, Lowry has posted averages of 8.7 points, 3.8 assists and 3.0 rebounds while seeing time in 23.6 minutes per contest.

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