UPDATE (12:04 PM): In order to make finances work and sign Gasol, the Spurs need to trade Boris Diaw, according to Wojnarowksi:
For the Spurs to complete the Gasol signing, they're working on a trade to move Boris Diaw, league sources tell @TheVertical.— Adrian Wojnarowski (@WojVerticalNBA) July 4, 2016
Following Kevin Durant's decision to sign with the Golden State Warriors, unrestricted free agent Pau Gasol has decided to sign with the San Antonio Spurs, according to The Vertical's Adrian Wojnarowski.
Free agent Pau Gasol is finalzing a deal with the San Antonio Spurs, league sources tell @TheVertical.— Adrian Wojnarowski (@WojVerticalNBA) July 4, 2016
The Portland Trail Blazers were rumored to have offered Gasol a two-year, $40 million contract. Gasol's deal with San Antonio will be for considerably less money than he could have made in Portland, according to ESPN's Marc Stein:
The Spurs are nearing a deal with Pau Gasol that will be two years in excess of $30 million with a Player Option for Year 2, sources say— Marc Stein (@ESPNSteinLine) July 4, 2016
The 36-year-old Gasol averaged 16.5 points, 11.0 rebounds, 4.1 assists, and 2.0 blocks per game in yet another all-star year last season. With news breaking earlier today that Spurs forward/center Tim Duncan is leaning toward retirement, it is likely that he will take over at the starting center slot and play alongside former Blazer LaMarcus Aldridge.