The Toronto Raptors are set to hold a news conference on Tuesday morning featuring a “special guest.” General manager and executive vice-president Bobby Webster will join this VIP for what has been described as a “milestone team announcement.”

According to insights from Sportsnet’s Michael Grange earlier in July, the announcement is expected to center around the retirement of longtime Raptors player Kyle Lowry. This significant moment coincides with the date of the press conference, 7/7, which is notable given that Lowry’s jersey number is 7. Many fans speculate that his No. 7 will eventually be retired and displayed in the rafters of Scotiabank Arena, symbolizing his contributions to the franchise.

Kyle Lowry, who has expressed his desire to sign a one-day contract to retire as a member of the Raptors, has left fans buzzing about his intentions leading up to this announcement. On Monday, he teased his social media followers with a cryptic video posted on Instagram, further igniting excitement and speculation regarding his impending retirement.

In addition to the retirement news surrounding Lowry, the Raptors and Los Angeles Clippers are reportedly close to finalizing a blockbuster deal that would see two-time NBA Finals MVP Kawhi Leonard return to Toronto. This deal is anticipated to be completed sometime this week, adding another layer of intrigue to the Raptors’ offseason activities.

Kyle Lowry played an instrumental role in the Raptors' historic 2019 championship run alongside Leonard. His time with the Raptors spanned nine of his 20 seasons in the NBA. During his tenure with the team, he made all six of his All-Star Game appearances, underscoring his value and impact in the league. In recent years, the 40-year-old guard has played for his hometown Philadelphia 76ers, but his legacy in Toronto remains indelible.

The Raptors' upcoming news conference marks a significant moment for both the organization and its fans, as they prepare to honor one of their franchise's greatest players. Lowry's departure will not only close a chapter in Raptors history but will also highlight the team's transition as they look to the future with the potential return of Kawhi Leonard.