Pau Gasol opts out, will re-sign with Spurs

San Antonio Spurs center Pau Gasol will decline the $16.2 million option on his 2017-18 contract, but intends to work with the franchise on a new, longer-term deal to remain with the team, according to league sources.

Gasol’s opt-out delivers San Antonio salary cap relief for next season, which could ultimately assist in maneuvering to become involved in free agency.

Gasol signed a two-year deal with the Spurs a year ago and averaged 12.4 points and 7.8 rebounds a game for San Antonio. He turns 37 in July.