The Spurs got Pau Gasol to decline his $16,197,500 player option, allowing them to chase major free agents. They didn’t take advantage of that flexibility, so they’re re-signing Gasol to make him whole – and then some.
Sources: Free agent Pau Gasol’s deal to return to Spurs: three years, $48M with a partial guarantee on final year
If Gasol’s 2018-19 salary is guaranteed – strongly implied by this report – this is a bad contract.
The 37-year-old Gasol, still a nice player, isn’t worth $16 million this season in a tight center market. It’s fine to pay him that much given the circumstances of his opt out. But to guarantee him a similar amount – salary-cap rules dictate his 2018-19 salary be within 5% of his 2017-18 salary – at age 38 is an awful choice.
Especially for San Antonio, which was shaping up to have massive flexibility next summer.
The Spurs can still have significant cap room if LaMarcus Aldridge, Danny Green and/or Rudy Gay opt out. But then they wouldn’t have Aldridge, Green or Gay. So, the more space to upgrade, the better. San Antonio just cut about $16 million from that maneuverability.
Kawhi Leonard is a 26-year-old superstar who has proven his ability to thrive deep into the playoffs. Instead of aggressively working to add talent to chase another championship, the Spurs are surrounding him with the status-quo declining-veteran supporting cast.
That was acceptable this year, once Chris Paul chose the Rockets. But to commit about $16 million toward a similar team in 2018 is a major mistake.