Richard Jefferson was a way overpriced $14 million swingman in San Antonio last season.
His new deal will likely give the Spurs more for their money.
The Spurs re-signed Jefferson to a multiyear deal Wednesday, nearly a month after the nine-year veteran opted out of a guaranteed $15.2 million next season. Terms of his new deal weren’t disclosed, but Jefferson had been willing to give up the final year of his bloated deal for longer-term security.
“To him, being able to secure his future under the current set of rules that we’re living under, eliminates some uncertainty,” Spurs general manager R.C. Buford said.
Jefferson did not meet with reporters. His agent, Todd Eley, did not immediately return messages Wednesday.
Although his new salary wasn’t immediately known, the Spurs will be paying less for the 30-year-old Jefferson, who was San Antonio’s fifth-leading scorer last season while earning a salary second only to Tim Duncan.
I wouldn't have expected that, guess no one else was interested (or willing to pay him what he wanted) and the Spurs want to give it another shot. I'd expect the paycut he's taking to be pretty substantial otherwise the Spurs may not have dodged a bullet after all.
