As Woj notes, Aldridge can opt out of his contract following this season and become a free agent.
In June, the Spurs reportedly shopped Aldridge around around the National Basketball Association draft in June but no deal ever materialized.
Aldridge will opt into the $22.3 million player option on his 2018-19 contract, and the extension’s new terms will start with the 2019-20 season.
While this extension resolves Aldridge’s short-term future with the Spurs, it’s somewhat surprising.
Aldridge averaged 17.3 points and 7.3 rebounds for the Spurs a season ago. In his nine years with the Portland Trail Blazers, he averaged 19.4 points and 8.4 rebounds. The Golden State Warriors swept the Spurs in the Western Conference Finals.
Last season was the first time since 2011 that he did not make the All-Star team.
Aldridge, 32, left the Trail Blazers in 2015 when he signed a four-year, $84 million contract with the Spurs. If Paul Millsap can get $60 million guaranteed for two years-with a $30 million team option in the third year-then $72.3 million over three years for Aldridge is more than defensible.