Report: Spurs re-signing Pau Gasol to three-year contract

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Even after Pau Gasol opted out, there it nearly certain he’d stay with the Spurs.

Now, a deal is done.

Adrian Wojnarowski of ESPN:

I’m a little surprised San Antonio guaranteed Gasol’s salary next season. By rule, it must be within 5% of what he’ll earn this year.

The Spurs could have major flexibility to chase free agents next summer, making keeping the books clean a priority. Their only constraints with Gasol this year are paying him up to 120% of his prior salary (which comes out to $18.6 million), the hard cap ($125,266,000) and whatever expense ownership would endure. So, if Gasol were willing to play ball, San Antonio could have paid him a sizable salary this year and far less – the room exception or even the minimum – next year.

Instead, Gasol’s compensation will be more balanced between the seasons. We’ll see how much he’ll earn.

Gasol remains an effective scorer, in part because he increased his range beyond the 3-point arc. He rebounds well in his area, and his length and basketball intelligence make him a passable defender given his other skills. His immobility can be a major defensive liability in certain matchups, though.

He’s also 37, an age where players can drop off quickly – another reason a one-year deal would’ve been preferable. At least the partial guarantee in the third year will help San Antonio.