Report: Tim Duncan’s new deal is for two years, starting at $5 million

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Now that the moratorium has been lifted, the Spurs are starting the process of formalizing their signings for a blockbuster summer. Before signing LaMarcus Aldridge and David West, they’re going to get Tim Duncan’s deal done, and according to NBA.com’s David Aldridge, it’s a two-year deal worth $5 million annually.

It’s a steep pay cut from the $10 million Duncan made last year, but you knew he was going to take less in order to make the Spurs’ signings work under the cap. At 39 years old, his production has yet to decline, so if he continues to perform at his current level, his new contract will be even more of a steal than his previous one.