HOUSTON -- The Houston Rockets plan to match the offer sheet extended Wednesday to restricted free-agent guard Kyle Lowry.
Houston general Manager Daryl Morey said on his Twitter account Wednesday afternoon, "we plan to match the agreement and we are excited he will be returning to the Rockets."
Terms of the contract were not disclosed, but the Cleveland Plain Dealer reported the offer was for three years with a team option for a fourth that had the deal's value close to $24 million.
Lowry averaged 9.1 points, 4.5 assists and 3.6 rebounds over 68 games last season for the Rockets, who wasted little time in matching 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.