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Show me the money

Spurs can offer Duncan up to $122 million on new deal

Posted: Monday June 30, 2003 5:59 PM
Updated: Tuesday July 01, 2003 12:20 AM
  Tim Duncan Tim Duncan has won the last two MVP awards and led the Spurs to the 2003 title. Jed Jacobsohn/Getty Images

SAN ANTONIO (AP) -- San Antonio Spurs star Tim Duncan plans to sign a long-term deal with the 2003 NBA champions, his agent said Monday.

Duncan, the league's MVP the last two seasons, decided not to exercise a player option in his current four-year contract, meaning he will become a free agent.

But that doesn't mean the 7-foot forward is thinking about going anywhere else.

"He will enter into discussions with the Spurs as soon as he is able to," Lon Babby, Duncan's agent, said. "Tim intends to re-sign with the Spurs once the details of a long-term deal can be finalized."

Babby said Duncan does not expect to even talk to other NBA teams before settling back in with San Antonio.

The story was first reported Monday afternoon by the San Antonio Express-News in its online edition.

Under NBA rules, teams are not permitted to negotiate with free agents until Tuesday, and contracts cannot be signed before July 16.

Spurs spokesman Cliff Puchalski said the team had no comment on any reports relating to Duncan and his contract.

As a free agent, Duncan, 27, is eligible for a deal of up to seven years and $122 million.

His last contract, signed in the summer of 2000, was a three-year deal valued at $32.6 million, with the fourth-year option worth an additional $13.3 million.

Duncan, who has played six seasons in the NBA, averaged 24.7 points, 15.4 rebounds and 3.3 blocked shots in the 2003 playoffs, which culminated with the Spurs beating the New Jersey Nets in six games in the NBA Finals.

For his career, Duncan has averaged 22.9 points, 12.3 rebounds and 2.5 blocks.

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