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.
San Antonio's Tony Parker has agreed to a three-year extension that could be worth as much as $45M, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) August 1, 2014
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.