Patty Mills has picked up his player option for 2013/14, and will remain under contract for one more season, the Spurs announced today in a press release.. By exercising the option, Mills is guaranteed a salary of $1,133,950 for next year.
Mills, 24, signed a two-year contract last summer with the Spurs that started at about $1.09MM, the maximum the team could offer him using the Non-Bird exception. Since the second year of the deal was a player option, Mills could have opted out and attempted to renegotiate another new contract, but based on his modest production this past season (5.1 PPG, 1.1 APG, 11.3 MPG), he wouldn't have been able to make a particularly strong case for a raise.
As I noted earlier this afternoon in my preview of the Spurs' offseason, Mills represented one of a handful of option decisions to be resolved this week. Boris Diaw also has a player option he's likely to exercise, while the team will have to decide whether to fully guarantee Matt Bonner's 2013/14 salary.