Tim Duncan, according to Yahoo! Sports' Johnny Ludden (via Marc Spears' Twitter), has re-signed with the San Antonio Spurs on a three-year contract worth $30 million. Duncan was never thought to be leaving the Spurs and both sides worked to get the deal done.
Yahoo Sports' Johnny Ludden reports that Spurs forward Tim Duncan signed a three-year deal worth about $30 million, according to sources.
— Marc J. Spears (@SpearsNBAYahoo) July 15, 2012
The contract is similar to the one the Boston Celtics signed Kevin Garnett to this offseason. Duncan's would seem to be a little bit high, but is more than deserving of the contract for what he has done to that organization.
At age 36, it is hard to believe Duncan will last all three of the those years, but his body has held up very well to this point. With a mix of old veterans and young guys, the Spurs are likely to be competitive and challenge for rings throughout the remaining time on the contract.
As long as Duncan is around, the Spurs are going to be a playoff team and should definitely be amongst the top teams in the Western Conference for another season.
A core of Duncan, Manu Ginobili and Tony Parker is as dangerous as ever, despite their age. The move almost guarantees that Duncan will finish his career having played entirely with the Spurs.