Miles Plumlee, Tony Parker

Spurs ink Parker to multi-year extension

The San Antonio Spurs have announced that the team has signed All-Star point guard Tony Parker to a multi-year extension.

Although the team does not release contract details, Yahoo’s Adrian Wojnarowski reports (via Twitter) that the deal is rumored to be a three-year extension for $45 million.

Parker averaged 16.7 points, 5.7 assists and 2.3 rebounds in just under 30 minutes per game in his 2013-14 campaign. Parker was the only Spurs representative selected for the 2014 NBA All-Star Game.

According to Wojnarowski, Parker still has one year and $12.5 million left on his contract, with his extension starting in 2015-16.

Parker’s extension is another example of Spurs core players leaving money on the table and giving the team some tax flexibility. This was likely Parker’s opportunity to push for his most lucrative contract yet, but appears he has settled for a more modest extension, at least in NBA terms for a player of his level.

About Michael A. De Leon

Michael founded Project Spurs in 2004. He started The Spurscast, the first Spurs podcast on the Internet, in 2005. Michael has been interviewed by the BBC, SportTalk, the Sports Reporters Radio Show, MemphisSportLive, OKC Sports Wrap and ESPN radio among others. He is a credentialed member of the media for the San Antonio Spurs and Austin Toros. He is also the founder of Project Spurs' sister sites, Toros Nation and Stars Hoops.