Tim Duncan gave the San Antonio Spurs a serious discount in what will likely be his final NBA season. According to David Aldridge, Duncan signed a two-year deal, with a player option for $10 million plus in the second year.
Spurs housekeeping: working toward finaliIng two year deal for Tim Duncan ($5M first year, player option for second year).
— David Aldridge (@daldridgetnt) July 9, 2015
Mike Monroe of the San Antonio Express-News has more details on Duncan taking another one for the team:
There are several NBA player personnel executives who believe the Spurs will offer Duncan a two-year contract that begins between $6 million and $7 million, with a partial guarantee and a player option in the second season.
If Duncan doesn’t exercise the option, he gets, say, 50 percent of that season’s salary. In effect, his salary for next season would remain over $10 million, the partially guaranteed portion of the second season’s salary remaining on the Spurs team salary after the cap explodes with the NBA’s new TV money kicking in for 2016-17.
“You can call it a ‘wink-wink’ deal if you want to,” an Eastern Conference team executive said. “It’s what they did with (Antonio) McDyess, so why not for Duncan.”
Duncan agreeing to the second-year gives San Antonio some salary cap relief, but nobody around the organization expects the future hall of famer to return for that second year of the deal.