The Spurs and LaMarcus Aldridge are discussing the possibility of a contract extension, reports ESPN’s Adrian Wojnarowski (Twitter link).
Currently, Aldridge remains under contract for two years, with a guaranteed $21.46MM salary for 2017/18 and a player option worth $22.35MM for 2018/19. If he and the Spurs were to reach an agreement today, it would allow him to opt in for ’18/19 and then tack on up to three more years. In that scenario, an extension could have a starting salary worth up to 120% of his ’18/19 figure.
Although today represents the deadline for contract extensions for veterans with multiple years left on their respective contracts, Aldridge would have until June 30 to work out an extension with the Spurs if he were to turn down his player option. An extension along those lines could be worth up to 120% of the big man’s 2017/18 salary.
Aldridge, 32, saw his production drop off a little in San Antonio last season. His 17.3 PPG, 7.3 RPG, and .477 FG% were all below his career averages, while his 18.6 PER was his lowest mark since 2009/10. It would be an unusual moment for the Spurs to sign him to an extension unless they’re confident in a bounce-back season and believe they can get him at a discounted rate.
Not counting player options for Aldridge, Danny Green, or Rudy Gay, the Spurs currently only have about $56MM in guaranteed money on their books for the 2018/19 season.