The San Antonio Spurs don't really seem to lose their players to free agency. When they decide they want someone to stick around, they quickly and easily hammer out contract extensions that keep the team in a beneficial salary cap situation. Things are no different with their point guard Tony Parker. With Parker entering the last year of a four-year, $50 million contract, the Spurs are making sure there isn't even the slightest possibility of him leaving next summer.
The team announced on Friday they've come to an agreement on a multiyear contract extension with the 32-year old All-Star point guard. According to Mark Deeks of ShamSports.com, the maximum value of his extension would be three years and $43.3 million. From the team's announcement:
The San Antonio Spurs today announced guard Tony Parker has signed a multi-year contract extension. Per club policy terms of the contract were not announced.
Parker has spent his entire 13-year NBA career with the Spurs after being selected by San Antonio with the 28th overall pick in the 2001 NBA Draft. The 32-year-old Parker is one of the most decorated players in Spurs history, being named to four All-NBA Teams (second team in 2012, 2013 and 2014 and third team in 2009) while earning six All-Star appearances (2006, 2007, 2009, 2012, 2013, 2014). The Spurs have captured four NBA Championships during Parker's tenure in San Antonio.
Adrian Wojnarowski of Yahoo Sports reports the deal is for the full max:
Tony Parker's precise contract: Three-years, $43.3 million, league source tells Yahoo.— Adrian Wojnarowski (@WojYahooNBA) August 1, 2014
Parker makes $12.5 million this season, and San Antonio heads into the season with Tim Duncan and Manu Ginobili also in the final years of their respective deals. The only real thing left for the Spurs to work out this summer is a contract extension with 2014 Finals MVP Kawhi Leonard. For Parker, he's scaled back his individual numbers over the last couple of seasons, but he hasn't scaled back on his effectiveness. He's still the intiator of so much of the Spurs' seemingly perfect offense. He averaged 16.7 points and 5.7 assists in 29.4 minutes last season.
He's sitting out the FIBA World Cup for France this offseason, the first real rest he's given himself in the offseason in quite some time.