JULY 12TH, 11:37am: The signing is official, per a team release.
7:01pm: The deal is worth about $12MM over three years, tweets Marc Stein of ESPN.com.
JULY 2ND, 6:18pm: The Spurs and Patty Mills have reached agreement on a three-year contract, according to Buck Harvey of the San Antonio Express-News (on Twitter). Mills, as we learned last night, could be out of action for up to seven months thanks to a shoulder injury. Financial terms of the deal are not yet known.
In the wake of the injury news, Marc Stein of ESPN.com reported that a re-signing was likely for the Aussie guard. In a career-high 81 games this past season, Mills averaged 10.2 PPG and 2.1 RPG with a PER of 18.7. Mills proved to be especially vital in the postseason, including a 17 point performance (with five three pointers) in the deciding Game 5 of the Finals.