Spurs Re-Sign Manu Ginobili

JULY 14, 5:41pm: The signing is official, the team announced via press release.

4:50pm: The Spurs and Ginobili have agreed to a one-year, $14MM deal, Shams Charania of The Vertical tweets.

1:07pm: The Spurs and Ginobili are discussing a one-year deal in the $10MM range, according to ESPN’s Marc Stein (via Twitter). Ginobili figures to be one of the last deals the Spurs make official, since they’ll have to use up their cap room, then go over the cap (using his Bird rights) to re-sign him.

JULY 7: Early in the free agency period, Manu Ginobili announced his intention to play at least one more NBA season. And despite the fact that we’ve seen multiple star players leave their longtime franchises within the past few days, Ginobili won’t follow in their footsteps. The veteran guard tweeted this morning that he’ll be “coming back to the Spurs for another season.”

While no formal contract agreement is in place yet, agent Herb Rudoy expects to finalize one soon, telling Tom Orsborn of The San Antonio Express-News that a one-year deal could be completed by Friday or Saturday. “We are very close on terms and conditions,” Rudoy said. “It just needs some tweaks.”

While a return to San Antonio is imminent for Ginobili, Rudoy tells Orsborn that he turned down a “very serious, big offer” from another club on behalf of his client. “He was committed to coming back (to the Spurs),” Rudoy said. “Those were my marching orders.”

The Spurs hold Ginobili’s Bird rights, so the team can go over the cap to give him a raise, as long as his current cap hold doesn’t need to be renounced to create additional room.