Free-agent center Pau Gasol has reached agreement on a two-year, $30 million-plus deal with the San Antonio Spurs, according to league sources.
Gasol will have the option to re-enter free agency after this upcoming season or sign a longer contract with the Spurs.
To free room for Gasol, the Spurs are working on a move to trade forward Boris Diaw.
Gasol, 35, chose the Spurs over a group of suitors that also included the Toronto Raptors and Portland Trail Blazers.