Kyle Lowry in Miami, Lonzo in Chicago, Young and Gilgeous-Alexander Get Paid

Sunday night brought several blockbusting deals in the NBA, and the free agency is yet to start.

Young to Earn Up To $207 Million

The Hawks and the flamboyant point guard have signed a five-year designated rookie maximum extension. The whole deal could reach $207 million in perspective, and it ties Young with the Hawks until the end of the 2027 season. Around $172 million are guaranteed.

Young is one of the biggest stars in the NBA and arguably the most talented point guard. This was a no-brainer move for the Hawks, who are now securing a franchise-face and have a cornerstone for the future.

Breaking: Trae Young has agreed to a five-year, $207 million designated rookie maximum extension, his agent tells @wojespn. pic.twitter.com/jMa0AhVHkM

— SportsCenter (@SportsCenter) August 3, 2021

Atlanta reached the East finals this season, losing to the Milwaukee Bucks in six games. Young posted 25.3 points with 9.4 assists throughout the regular part of the season.

Lonzo in Chicago

Lonzo Ball will continue his NBA career in Chicago Bulls, following a sign-and-trade deal between the Bulls and the New Orlean Pelicans. According to the reports from the NBA, the franchise from Illinois and the young point guard agreed to a four-year $85 million deal.

The Chicago Bulls are sending Tomas Satoransky, Garrett Temple and a second-round pick to New Orleans for Lonzo Ball, who's signing a four-year, $85M contract, sources tell @TheAthletic @Stadium.

— Shams Charania (@ShamsCharania) August 2, 2021

The Pelicans made several deals recently, in order to free some salary cap space to extend the contract with Ball, but in the end, it seems that the 23-year old had different plans.

Besides Ball, the Bulls added the former Los Angeles Lakers guard, Alex Caruso, on a four-year, $37 million deal.

Gilgeous-Alexander Staying Put

OKC Thunder didn’t want to waste any time but decided to tie secure Shai Gilgeous-Alexander’s signature as soon as possible. The fantastic young guard and the team inked the exact same deal as Hawks and Trae Young – five years, $207 million, with $172 million guaranteed.

Oklahoma City Thunder guard Shai Gilgeous-Alexander has agreed to a five-year, $172 million maximum rookie contract extension, his agent Thaddeus Foucher of @Wasserman tells ESPN.

— Adrian Wojnarowski (@wojespn) August 3, 2021

The Canadian established himself as one of the biggest talents in the guard position and developed enormously with Chris Paul beside him in the 2020 season. Gilgeous-Alexander missed a big part of the previous campaign due to a plantar fasciitis tear.

Miami Heat Get Kyle Lowry

The Toronto Raptors and the Miami Heats will execute a trade that lands the veteran point guard in Florida. Lowry is reportedly signing a three-year contract with the Raptors, with $90 million, and after that heads down south. Goran Dragic and Precious Achiuwa are heading back in the opposite direction.

Kyle Lowry has agreed to a three-year deal for approximately $90M with the Miami Heat, sources tell ESPN. https://t.co/UqxbWFY6ER

— Adrian Wojnarowski (@wojespn) August 2, 2021

The Heat also agreed to terms with Duncan Robinson for a five-year $90 million contract.

Lakers Bring Back Familiar Faces

Dwight Howard, Trevor Ariza, Wayne Ellington, and Kent Bazemore are all getting back to LA after spending time all over the league. Howard is back after just one year, as the veteran center left for Philadelphia after a 2020 season that saw him winning the ring with the purple and gold.

Trevor Ariza won the NBA championship in 2011 with Kobe Bryant and Pau Gasol, while Ellington and Bazemore didn’t have much luck during their respective stints in the City of Angels.