"Entering his 12th National Basketball Association season at 32 years old, wear and tear might become an issue for the 6'11", 260-pounder in the near future, but the Spurs still wanted to make sure that he wasn't going anywhere after his contract had the potential to expire after this season if he declined his player option worth $22.3 million.
Aldridge averaged 17.3 points and 7.3 rebounds for the Spurs last season. Assuming relative health, that contract will start at $37.8 million and brings the Spurs to $91.5 million committed to just four players: Leonard, Aldridge, Pau Gasol ($16 million, $4.7 million guaranteed), and Patty Mills ($12.7 million).
The Spurs open the regular season on Wednesday at home against the Minnesota Timberwolves.
This deal will come as a shock to many, with Aldridge rumoured to be on his way out of San Antonio.
LaMarcus Aldridge and the San Antonio Spurs have at times seemed an ill-fitting pair, with a player who spent nine years in another franchise before landing with Gregg Popovich not always looking comfortable in the NBA's most well-established system.
All-Star power forward LaMarcus Aldridge and the San Antonio Spurs have agreed to a three-year contract extension worth US$72.3 million (AU$92 million), according to several reports.
Zach Lowe of ESPN reported that only $7 million is guaranteed in the final year of the extension. If left unsigned, Aldridge was set to enter free agency next summer, so this deal could be seen as San Antonio protecting an asset.