As expected, Kyle Lowry signed a one-day contract with the Raptors on Tuesday in order to officially retire as a member of the team. In addition to holding a press conference to honor the player they referred to as the “GROAT” (greatest Raptor of all time), the Raptors announced in a press release that they plan to retire his No. 7 jersey and will hold a series of events during the September 19 weekend to recognize his legacy.

“Kyle is the Toronto Raptors – he created an identity for the Raptors that we strive to uphold every time we take the floor, play hard and play to win, for your teammates, for Toronto and for Canada,” executive vice president Bobby Webster said in a statement. “Put your body on the line. Take a charge, dive for a loose ball – do all the little things that don’t always show up in the box score, but add up to a storied, celebrated career. Kyle was the ultimate competitor whose No. 7 will always be remembered with the Raptors very first championship, and it’s our honor to raise it to the rafters, where it belongs.”

In addition to retiring as a Raptor, Lowry has also joined the ownership group of the Toronto Tempo, along with his wife Ayahna Cornish-Lowry, the WNBA team announced today.

We have more out of Toronto:

• After speaking to multiple sources about the subject, Michael Grange of Sportsnet.ca (Twitter link) says a reunion between DeMar DeRozan and the Raptors appears unlikely at this time. Grange cites Toronto’s lack of salary cap flexibility and the fact that DeRozan should have a market around the league as reasons why it likely won’t happen. I also suspect if the team does add another wing, it would prefer for that player to be more of a three-point threat, given the current make-up of the roster.
• Examining the Raptors’ projected rotation, Eric Koreen of The Athletic agrees that the roster could use more shooting, as well as more guard creation and another big man to provide insurance for Jakob Poeltl. Without a trade, addressing all those needs will be tricky, given that the club has 13 standard roster spots accounted for and likely won’t carry a 15th man to open the season due to its proximity to a first-apron hard cap.
• The Raptors 905, Toronto’s G League affiliate, put out a press release on Monday announcing leadership changes. Scott Brown Jr. is the 905’s new general manager, while Noah Lewis will serve as the team’s head coach. Brown was previously the 905’s assistant GM; Lewis was a player development coach for the Raptors.