With the cap going up this year, I think both Lowry and Vasquez are brought back. Lowry will get over $10 Mil (maybe more than $12), and Vasquez will get less than the MLE. I think Vasquez will get something like 4.5 with 3 years plus a team option for the 4th.
He wants to be back, so he will get long-term security and a bit of a "hometown" discount. He absolutely loves it in TO.