5:43pm: It’s official: Duncan has submitted the paperwork to the league to notify everyone that he will be opting in, tweets Jeff McDonald of the Express News.
3:05pm: Tim Duncan has decided to opt in for 2014/15 with the Spurs, reports Adrian Wojnarowski of Yahoo! Sports. The news appears to signal that Duncan will return this fall for his 18th NBA season, as had seemed likely in spite of his refusal to say definitively that he would not retire. The 38-year-old’s decision also dismisses the notion that he would opt out and sign a discounted contract. Duncan will make more than $10.361MM for the Spurs next season, the final year of his deal.
The contract originally called for Duncan to make $10MM, but that was the result of the league’s oversight of a rule that prohibited him from making less in the option year than he took in this past season. The NBA therefore adjusted his 2014/15 salary to match the money he made this year.
There was never any realistic chance that the Jim Tanner client would leave the Spurs this summer, with the only question surrounding his continued willingness to play. It appears as though he and San Antonio will embark on a quest for a repeat championship, a goal they’ve failed to achieve four times during Duncan’s certain Hall-of-Fame career.
The Spurs have slightly more than $44MM in salary for next season with Duncan in tow, but they’ll assuredly keep Tony Parker and pick up the $9MM non-guaranteed portion of Tony Parker’s deal. That would give San Antonio about $53MM in commitments, not including their first-round pick, putting the team roughly $10MM under the $63.2MM salary cap for next season.