A person with knowledge of the situation tells The Associated Press that Pau Gasol has agreed to terms on a three-year contract with the San Antonio Spurs.
The 7-foot Spaniard and the Spurs came to agreement on Friday on a deal that is partially guaranteed for the third season. The person spoke on condition of anonymity because the team has not made an official announcement.
Gasol declined the $16 million option on his contract in June the intent of signing a longer-term deal with the Spurs. The Spurs re-signed Patty Mills and added free agents Rudy Gay and Brandon Paul.
Gasol averaged 12.4 points, 7.8 rebounds and 1.1 blocks in 25.4 minutes per game for the Spurs last season.
ESPN first reported the agreement.