Yes. This is exactly what he would have made with the player option that he declined. Yes. This doesn’t seem to make much sense.
Remember when Pau Gasol declined his $16.2 million player option to sign a longer contract to help the San Antonio Spurs and their finances? That seemed to be the point when the Spurs announced that Gasol had agreed to sign a three-year deal, but now things have taken a dramatic turn.
According to Adrian Wojnarowski of ESPN, Gasol has agreed a 3-year, $48 million deal to re-sign with San Antonio.
Sources: Free agent Pau Gasol’s deal to return to Spurs: three years, $48M with a partial guarantee on final year, https://t.co/LRm3ph27HZ
— Adrian Wojnarowski (@wojespn) July 24, 2017
That amounts to is a $200,000 discount from the old deal, which might as well be a rounding error. San Antonio has now agreed to pay Gasol $16 million a year for at least the next two years, and he’ll be 40 years old when he enters the final partially-guaranteed season of his contract.
Perhaps something comes to light soon that will help explain why PATFO would sink so much cap space into Pau.
Source: Pounding The Rock