Updated

San Antonio Spurs forward Tim Duncan declared himself "a Spur for life" during the playoffs, and that will hold true.

The Spurs re-signed Duncan on Wednesday. Terms of the deal were not announced, but Yahoo! Sports reported the deal is good for three years and around $34 million.

"Tim Duncan has established himself as one of the best players in NBA history," said Spurs head coach Gregg Popovich. "His impact on the Spurs organization and the city of San Antonio can't be measured. We are all grateful for the leadership and dedication Tim has shown to the Spurs franchise. He is an unselfish superstar who loves to compete and has only one goal when he steps on the court - to do whatever it takes to help his team win. We are all thrilled that he'll spend his entire career as a San Antonio Spur."

The 36-year-old Duncan, a two-time NBA MVP, has been with the Spurs since they selected him No. 1 overall in the 1997 draft.

Duncan averaged 15.4 points and 9.0 rebounds in 58 games last season.

In 1,111 career contests, the 13-time All-Star has averaged 20.3 points and 11.3 rebounds. The 15-year pro has won four NBA titles with the Spurs.

Duncan is the Spurs all-time leader in games played (1,111), points (22,258), field goals made (8,717) and attempted (17,192) and rebounds (12,533).