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Report: The Spurs re-sign Pau Gasol with a 3-year $48M contract

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Yes. This is exactly what he would have made with the player option that he declined. Yes. This doesn’t seem to make much sense.

NBA: Preseason-San Antonio Spurs at Orlando Magic Kim Klement-USA TODAY Sports

Remember when Pau Gasol declined his $16.2 million player option to sign a longer contract to help the San Antonio Spurs and their finances? That seemed to be the point when the Spurs announced that Gasol had agreed to sign a three-year deal, but now things have taken a dramatic turn.

According to Adrian Wojnarowski of ESPN, Gasol has agreed a 3-year, $48 million deal to re-sign with San Antonio.

That amounts to is a $200,000 discount from the old deal, which might as well be a rounding error. San Antonio has now agreed to pay Gasol $16 million a year for at least the next two years, and he’ll be 40 years old when he enters the final partially-guaranteed season of his contract.

Perhaps something comes to light soon that will help explain why PATFO would sink so much cap space into Pau.