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Tony Parker Signs 3-Year, $43.3M Extension

Aug 1 2014, 9:41pm CDT | by , in News | Latest Sports News

Tony Parker Signs 3-Year, $43.3M Extension
Photo Credit: Getty Images
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San Antonio Spurs point guard Tony Parker signed a three-year, $43.3 million extension on Aug. 1.

San Antonio Spurs point guard Tony Parker signed a three-year extension on Aug. 1. 

The Spurs issued a statement on Parker's new contract on their official website:

"The San Antonio Spurs today announced guard Tony Parker has signed a multi-year contract extension. Per club policy terms of the contract were not announced.

"Parker has spent his entire 13-year NBA career with the Spurs after being selected by San Antonio with the 28th overall pick in the 2011 NBA Draft. The 32-year-old Parker is one of the most decorated players in Spurs history, being named to four All-NBA Teams (second team in 2012, 2013 and 2014 and third team in 2009) while earning six All-Star appearances (2006, 2007, 2009, 2012, 2013, 2014). The Spurs have captured four NBA championships during Parker's tenure in San Antonio.

"During the 2013-14 season Parker averaged 16.7 points, 5.7 assists and 2.3 rebounds in 29.4 minutes. It marked the fourth consecutive season that Parker has led the Spurs in scoring. He earned All-NBA Second Team honors and was the Spurs' lone representative in the 2014 NBA All-Star Game.

"In his career, Parker has appeared in 940 regular-season games averaging 17.1 points, 6.0 assists and 3.0 rebounds in 32.6 minutes. He has seen action in 196 playoff games averaging 18.9 points, 5.3 assists and 3.0 rebounds in 35.7 minutes.

"Only two active NBA players, Tim Duncan and Kobe Bryant, have appeared in more postseason games than Parker. Among all-time NBA Playoff career leaders he ranks 12th in points (with 3,705), eighth in assists (1,034) and eighth in games (196).

"Parker, who was the MVP of the 2007 NBA Finals, is the Spurs' all-time NBA career leader in assists in both regular season and playoff action."  

According to Yahoo! Sports' Adrian Wojnarowski, Parker's extension is worth $43.3 million:  

"San Antonio Spurs All-Star guard Tony Parker has signed a three-year contract extension will start in the 2015-16 season. He will make $13.4 million, $14.4 million and $15.4 million during the extension, a league source said. 

"Parker will earn $12.5 million in the 2014-15 season, and his extension will start in the 2015-16 season. He will make $13.4 million, $14.4 million and $15.4 million during the extension, a league source said. 

"Parker, 32, played a pivotal role in the Spurs' fifth championship this season. He averaged 16.7 points a game for the Spurs, with whom he's played his 13-year NBA career. Parker has been an All-Star six times. 

"Parker's representatives with CAA finalized a deal with Spurs president R.C. Buford over the past few days, sources said.

"San Antonio has reached extensions to bring back several of Parker's teammates this summer, including Boris Diaw, Patty Mills and Matt Bonner.

"NBA Finals MVP Kawhi Leonard is eligible for his rookie extension before the start of the season, and he could be in line for a deal in the neighborhood of a maximum contract. Leonard could become a restricted free agent in the summer of 2015."   

For more of the hottest sports news, log on to Sport Balla today. 

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