By Paul Garcia, Project Spurs.comNews 4 WOAI's Don Harris has confirmed that Tim Duncan has agreed to a new 3 year, $36 million dollar contract to return to the Spurs. The terms were first reported by Johnny Ludden of Yahoo Sports. Ludden also wrote that the Spurs intend to bring in French guard Nando De Colo as Project Spurs has been reporting over the last three weeks.
News 4 WOAI has confirmed that the deal also has a no-trade clause and that Duncan will finish his career as a Spur.
Duncan, who made the 3rd highest salary in the NBA last year at $21.3 million dollars will take a significant pay cut to $12 million per year. He will also be the third highest paid Spur behind Manu Ginobili ($14m) and Tony Parker ($12.5m).
Duncan's new deal keeps the Spurs barely under the NBA luxury tax threshold and allows them to re-sign Danny Green, Boris Diaw, and Patty Mills.
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