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Report: Pau Gasol declines player option, plans to re-sign with the Spurs

Fans have been hoping for this, but who expected it?

NBA: San Antonio Spurs at Los Angeles Clippers Kelvin Kuo-USA TODAY Sports

San Antonio Spurs forward Pau Gasol will decline his $16.2 million player option for next season, but is planning to re-sign with the Spurs this summer, according to Adrian Wojnarowski of The Vertical.

This news comes as a bit of a surprise, as most prognosticators expected Gasol to accept his player option and play under his $16.2 million player option next season.

It will be interesting to see how much Gasol’s contract for his new deal will be reduced, and how many more years the Spurs will give him as he enters his 18th NBA season this fall.

It’s not possible to express how much this impacts the Spurs’ summer. If Gasol picked up his option, that would be a serious hit on the Spurs' chase of any free agents they have interest in, but with Pau structuring a longer deal to stay with the team and, then the possibilities are endless.

The soon-to-be-37-year-old averaged 12.4 points and 7.8 rebounds in 64 games last season.

UPDATE: David Lee is another Spur who has reportedly declined his player option for next season. More details here.