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Spurs extend Tim Duncan for about 40 million for 2 years!!! He took a lower price to allow the Spurs more flexibility too!
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wow
Damn, I wish I could take an $11 million pay cut and still get paid $40 mill!
Bad. Ass.
Duncan will take less than maximum salary
By Johnny Ludden, Yahoo! Sports
October 29, 2007
With NBA commissioner David Stern set to present Tim Duncan his fourth championship ring on Tuesday, the Spurs forward has made it clear he has no plans to leave the court – or San Antonio – anytime soon.
Duncan has reached agreement with the Spurs on a two-year, $40 million extension that figures to give the team enough salary-cap flexibility to continue to surround him with a compe ive supporting cast in the waning seasons of his career, two sources with knowledge of the deal said Monday.
By signing the extension, which is expected to be finalized within the next few days, Duncan forfeits his option to become a free agent after this season. He will now be under contract with the Spurs until the summer of 2012.
The extension hardly comes as a surprise. Duncan, 31, said prior to last season’s NBA Finals he felt as healthy as he’s been in years and hoped to continue playing “as long as I can.”
But what is notable about the deal are the terms: Though Duncan is eligible to receive a two-year extension worth about $51 million under the NBA’s collective bargaining agreement, he agreed to nearly $11 million less because it could potentially afford the Spurs greater flexibility to pursue free agents after the 2009-10 season.
Duncan and his agent, Lon Babby, met with Spurs coach Gregg Popovich and general manager R.C. Buford at Popovich’s house prior to the start of training camp. Well aware of Duncan’s value to franchise – the Spurs likely would not be in San Antonio had he not guided them to their first le in 1999 – Popovich and Buford presented him with a maximum offer during the meeting. But they also made a detailed presentation of their plans for the team’s long-term future and showed Duncan the possible impact of his accepting a lesser extension.
After a few weeks of deliberation, Duncan agreed to the $40 million extension. He will make $22.2 million in the final year of his current contract, with his salary dropping to about $18.7 million in the first year of the extension.
Duncan will be 34 when the extension begins. Tony Parker is the only other player currently scheduled to be under contract following the 2009-10 season, but the Spurs also will be in position to re-sign their third star, Manu Ginobili, that summer if they want.
The Spurs also are expected to eventually extend Popovich’s contract to coincide with that of Duncan.
I wonder how many stars would actually leave 11 million on the table for the betterment of the team... This kind of stuff makes me proud to be a Spurs fan.
I like how Pop is having his contract extended to coincide with Duncan's.
Ludden just pwned Ronald McDonald there. Although it really isn't fair, since Ludden still probably has better team contacts than McDonald.
There must be something more to it than this. Probably an understanding that when he retires, he'll get part ownership.
Either that, or Peter Holt will pocket the $11 mil.
Wow. What an example. Awesome
Good job, Ludden
Tim's the man for taking that much less money.
What a message he's sending out to potential free agents: I left money on the table so you can come win a le with me.
Respect.
This team and it's players are special. It'll be a sad day when the Spurs are like every other team out there.
Wow.
I literally don't know what to say.
Huge props to Duncan
[QUOTEBut they also made a detailed presentation of their plans for the team’s long-term future and showed Duncan the possible impact of his accepting a lesser extension.[/QUOTE]
What I'd give to take a peek at those long-term plans...
Jesus!
I nominate Tim for NBA sainthood! The man virtually carries 4 Spurs teams comprised of very different supporting casts, to NBA les and still has enough humility in him to do this. Seems too good to be true, perhaps there something under the table here... or it may be that Tim is just this good a sportsman.
Props to the Spurs for presenting it in this manner. I'm not sure how many other organizations do it this way. They re-assured Duncan from the get-go of negotiations that he could take the max if he wanted, but then also presented reasons why he shouldn't.Popovich and Buford presented him with a maximum offer during the meeting. But they also made a detailed presentation of their plans for the team’s long-term future and showed Duncan the possible impact of his accepting a lesser extension.
Nice job all around.
It still works for me.
Such wonderful news and such a respectful gesture by the Spurs and such a team-first gesture by a guy who is among the great teammates to ever play the game. Props all the way around!!
Now let's get this sucker started . . . .
It's there.
2010 Master Plan - book it.
GREAT BY A CHAMPION..
Look at Kobe, took max money and crying foul now...
I'm stunned, really. Leaving $11M on the table because he wants to win is beyond awesome. The guy has four championships and just proved beyond any reasonable doubt that he's all about winning. He could easily be satisfied with his four championships and cashed in. The Spurs would be good with or without the extra roster flexibility.
But to be at the top of your profession and continue to do everything you can to ensure continued success is extremely commendable. And that's an understatement.
These are the times when a Spurs fan should be proud of being a Spurs fan. The team you root for is all about winning ... and that's all we can really ask.
Fixed, thanks
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