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Report: Tim Duncan faces June 24 deadline to opt in to final year of contract

Jun 13, 2014, 6:44 PM EST

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Most contract options must be decided by June 30, but teams and players can negotiate earlier dates. For example, Carmelo Anthony faces a June 23 deadline to exercise his early termination option (which he says he’ll do).

Another player with an earlier-than-usual option date: Tim Duncan.

Marc Stein of ESPN:

San Antonio Spurs star Tim Duncan has until June 24 to notify the team whether he intends to pick up his $10.3 million player option for next season, according to sources familiar with the terms of the contract.

The date still can be moved closer to July 1, sources said, if both parties agree to do so

sources say the Spurs, to this point, are quietly operating under the assumption that Duncan and Popovich will indeed be back next season

The reliable ShamSports.com lists Duncan’s 2014-15 option at $10 million, but as the site accurately notes, the NBA prohibits option-year salaries from decreasing from the prior season. Duncan made $10,361,446 this season.

The NBA ratified Duncan’s contract, anyway. Maybe the league has to just let that stand, or maybe it can force the Spurs to raise Duncan’s option-year salary to equal his 2013-14 salary. It’s unclear.

Anyway, I doubt less than $400,000 makes a difference.

At or near $10 million is a pretty fair salary for Duncan at this point, and he if wants to return, he could just opt in. Or maybe he’d opt out to re-sign for less, giving San Antonio room to sign an impact free agent.

However, this option has little to do with whether Duncan returns. He could easily opt in and then retire later in the offseason, walking away from his guaranteed salary. The option, related to retirement, matters only if Duncan decides to extend the Spurs the courtesy of informing them on his future before opting in. Opting out would give him no more or less flexibility to retire.

Tony Parker and Manu Ginobili are under contract through next season. (As are Kawhi Leonard, Danny Green, Tiago Splitter, Marco Belinelli and Cory Joseph). I suspect everyone will come back for one more run.

Duncan could either opt in or opt out, but if he does the latter, plenty of doors remain open for him to return. It’s just one step in the process.

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