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Cavaliers Sign PG Kyle Lowry To Offer Sheet

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The Cavaliers are hoping that the third time is the charm, at least in terms of contract offers this summer.  Officially the Cavs have attempted to sign three players this summer - LeBron James, Zyrdunas Ilgauskas and now, PG Kyle Lowry, a restricted-free agent from the Houston Rockets.  The offer-sheet, believed to be 3 years with a player-option for a 4th year, could be worth $24 million and would give the Cavaliers a defensive presence at point guard that they have been sorely lacking.

As Brian Windhorst points out, it is likely another sign that Delonte West is in his last days as a Cavalier

Going after Lowry is another sign that guard Delonte West has played his last game with the Cavs. West's $4.6 million contract is not guaranteed if he's waived before Aug. 3, and the Cavs have been looking to trade him in recent weeks.

Lowry was a reserve last season with the Rockets, averaging 9.1 points, 4.5 assists and 21 minutes per game.

The Rockets will have 7-days to match the Cavaliers offer, so we'll be in 'wait-and-see' mode for the next week or so.