Report: Cavs ink Kyle Lowry to offer sheet

Basketball Betting Lines

07/14/2010 - Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers have reportedly made their first move of the post-LeBron James era, signing restricted free-agent guard Kyle Lowry to an offer sheet.

The Cleveland Plain Dealer is citing multiple league sources on the signing, reported to be for three years with a team option for a fourth that could bump the deal's value to $24 million.

Lowry averaged 9.1 points, 4.5 assists and 3.6 rebounds over 68 games last season for the Houston Rockets, who will have seven days to match 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.

Ecasino-online Basketball Betting News

<< In the FCS Huddle: 2010 Matchups to Watch
Philadelphia, PA (Sportsbook Betting Lines) - Look over the entire 2010 FCS schedule long enough and certain games stand out amid your eyes blurring. We're not talking about St. Francis (Pa.) at Morehead State, either. It's games like Richmond at Vi

<< CFL West Report: Roughriders cream of the early crop
Toronto, Canada (Sportsbook Betting Lines) - Just two weeks into this young CFL season, the Saskatchewan Roughriders are already living up to their billing as the best of the west. After a brilliant offensive performance in a 54-51 double- overtime win o

<< 2010 FBS Positional Analysis: Offensive Linemen
Philadelphia, PA (Sportsbook Betting Lines) - They handle all the heavy lifting, do all the dirty work in the trenches and keep the skill position players in the headlines, often times sacrificing their own stardom in the process. It takes a certain mind

<< Michigan Stadium's capacity set at 109,901
ANN ARBOR, Mich. (AP) -The University of Michigan has figured out just how many fans it can seat in the new-look Big House.The school announced Wednesday the capacity of Michigan Stadium will be 109,901 this season, making it the country's largest f

<< Cavs sign G Lowry to offer sheet
CLEVELAND (AP) -Looking to rebuild without LeBron James, the Cleveland Cavaliers have signed restricted free agent guard Kyle Lowry to an offer sheet.Lowry spent last season with Houston, where he averaged 9.1 points and 4.5 assists in 68 games. The

New York signs French striker Henry as second DP >>
Secaucus, NJ (Sportsbook Betting Lines) - Red Bull New York signed French forward Thierry Henry to a multi-year contract as its second designated player, the Major League Soccer club announced on Wednesday. Henry, a World Cup, European Cha

Harrington says he's headed to Denver >>
DENVER (AP) -Free agent power forward Al Harrington says he's headed to the Denver Nuggets, who are in dire need of frontcourt help with Kenyon Martin, Chris Andersen and Nene coming off leg injuries.The former New York Knicks backup tweeted: ``I'm

Cavs ink Kyle Lowry to offer sheet >>
Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers have made their first move of the post-LeBron James era, signing restricted free-agent guard Kyle Lowry to an offer sheet. Terms of the contract were not disclosed, but the Cle

Grizzlies sign Tony Allen >>
Memphis, TN (Sportsbook Betting Lines) - The Memphis Grizzlies have announced the signing of guard Tony Allen to a multi-year contract. Terms of the deal were not disclosed, per team policy. It was earlier reported the contract would start at c

Former 76ers executive Billy King to replace Thorn >>
EAST RUTHERFORD, N.J. (AP) -Billy King is the New Jersey Nets' new general manager.King was hired Wednesday to replace Rod Thorn as the team's top executive, new owner Mikhail Prokhorov announced in a release.Thorn is stepping aside as president and

It's less than a month until the NHL hockey betting season opens at MySportsbook.com and preparations are underway for another battle in the race to hoist Lord Stanley's mug in 2007.

As cup crazy fans prepare to place their bets, one online sportsbook ,MySportsbook.com, is offering hockey betting lines on the 2007/2007 Stanley Cup , who will bring it home this upcoming season.

Despite a poor showing in last season's playoffs and the loss of Steve Yzerman to retirement, the Detroit Red Wings are early favourites at this online sportsbook with wagering odds of 6-1. The Wings will look to offensive powerhouse Pavel Datsyuk and newly appointed captain Nicklas Lidstrom to lead one of the league's most prominent franchises.

Always a threat are the Ottawa Senators, with newly acquired goaltender Martin Gerber from the Stanley Cup champion ,Carolina Hurricanes. The Sens are second best in the rankings at a 7-1 bet, and odds makers at this sportsbook are optimistic that the Ottawa squad will fare better than last season's Eastern Conference semi-final upset to the Buffalo Sabres.

Also worth noting are the defending Stanley Cup champs Carolina Hurricanes, a 10-1 bet to repeat. Behind the Canes are the New Jersey Devils, Calgary Flames, Buffalo Sabres, Philadelphia Flyers, and Anaheim Mighty Ducks all sit at 12-1. In the basement are the Washington Capitals, Chicago Blackhawks, and St. Louis Blues who all have 100-1 odds to win.

To visit this online sportsbook got to MySportsbook.com for all your hockey betting needs.