Spurs Resign Ginobili For Two Years $14 Million

Jun 16, 2013; San Antonio, TX, USA; San Antonio Spurs shooting guard Manu Ginobili (20) celebrates against the Miami Heat during the fourth quarter of game five in the 2013 NBA Finals at the AT

Manu Ginobili announced via his Twitter account, that he has resigned with the Spurs for two more years.

Thrilled to announce that as I always hoped, I’m gonna stay with the @spurs for two more years. #gospursgo.

— Manu Ginobili (@manuginobili) July 3, 2013

Details of the contract are unknown at this time, which makes it difficult to estimate how much cap room the Spurs have for other free agent moves.

Ginobili, who turns 36 this month, averaged 11.8 points, 3.4 rebounds and 4.6 assists in 23 minutes, playing in 60 games this past season. The contract insures Ginobili will retire a Spur for life. San Antonio only three players under contract for the summer of 2015, (Splitter, Leonard and Joseph) but only Splitter’s contract is guaranteed.

Parker, Duncan and Ginobili’s deals all expire in 2015.

So what do you think, Spurs fans? Happy with Ginobili’s return despite his Finals performance?

UPDATE: Via Don Harris of WOAI, Manu’s contract is 2 years, fully guaranteed. No information on the dollars involved yet.

Manu’s agent Herb Rudoy Confirms to me . Manu has new two-year contract. No options, Both years fully guaranteed.

— Don Harris (@DonHarris4) July 3, 2013

UPDATE 2: Wojnarowski reports Ginobili’s deal is worth $14 million over two years. Rough math, since we don’t know the details, Ginobili’s contract puts the Spurs less than $1 million shy of the salary cap.

Y! Sources: Manu Ginobili’s two-year extension with San Antonio will be worth $14 million. http://t.co/kI59qLk2qn

— Adrian Wojnarowski (@WojYahooNBA) July 3, 2013