Lowry

PHILADELPHIA — Veteran guard Kyle Lowry re-signed with the Philadelphia 76ers on Monday as he embarks on what will be his 20th season in the league.

The terms of the deal were not disclosed by the team.

A Philadelphia native, the 39-year-old Lowry played in 35 games last season for the 76ers. He averaged 3.9 points and 2.7 assists.

Lowry was 24th overall pick out of Villanova by the Memphis Grizzlies in the 2006 draft. He’s a six-time All-Star who’s played in 1,173 career games with Memphis, Houston, Toronto, Miami and the Sixers. He helped the Raptors win the NBA title in 2019 when his coach was current Philadelphia coach Nick Nurse.

Lowry is in the top 10 among active players in assists (fifth, with 7,099), 3-pointers (seventh, with 2,205) and steals (ninth, with 1,499).

“Kyle’s championship experience and Hall-of-Fame resume speaks for itself. He is a proven floor general with tremendous knowledge of the game that is a resource to everyone in the organization,” 76ers president of basketball operations Daryl Morey said in a statement.

3-way trade happens

MIAMI — The Miami Heat have acquired Norman Powell, while John Collins is going to the Los Angeles Clippers and Kevin Love and Kyle Anderson are headed to the Utah Jazz as parts of a three-team trade that was completed Monday.

Also in the deal: at least one second-round draft pick, going from the Clippers to Utah.

Powell averaged 21.8 points last season for the Clippers and is a career 40% shooter from 3-point range. Collins averaged 19 points in 40 games for the Jazz last season, while Love averaged 5.3 points in 23 games with the Heat and Anderson averaged 6.7 points in 25 games after being traded to Miami.

Powell figures to give Miami much-needed scoring and shooting. The Heat were 24th out of 30 teams in points per game last season, plus have already seen the departure of Duncan Robinson — the team’s career 3-point leader — this summer. Robinson joined the Detroit Pistons in a deal that was agreed to last week and finalized on Monday.

Love is an NBA champion, a five-time All-Star, a likely Hall of Famer when his playing days end and had expressed interest in possibly remaining with the Heat even past his current contract — which is set to expire after the coming 2025-26 season.

Collins has averaged 16 points per game in eight seasons, the first six with Atlanta and two with Utah.

Not playing

INDIANAPOLIS — The Indiana Pacers won’t be rushing guard Tyrese Haliburton back to the court next season as he recovers from a torn right Achilles tendon.

Pacers president of basketball operations Kevin Pritchard said Monday in a news conference that Haliburton “will not play next year.” Haliburton suffered his Achilles injury early in Game 7 of the NBA Finals.

He had surgery June 23 at the Hospital for Special Surgery in New York. It was a historic postseason for Haliburton, who turned in an array of buzzer-beating winners, incredible plays and some unprecedented stat lines. The Oklahoma City Thunder were crowned champions after beating the Pacers 103-91.

Paying Paolo

Paolo Banchero has agreed to the richest contract in Orlando Magic history.

According to a person with knowledge of the agreement, his five-year extension is worth $239 million and could reach about $287 million should he become eligible for a supermax deal, a person with knowledge.

Banchero was the rookie of the year in 2022-23 and an All-Star the following season. He has led the Magic to two straight playoff appearances.