While Carmelo Anthony has opted out his contract with the New York Knicks, reigning NBA champion Tim Duncan has decided to continue his career with the San Antonio Spurs.
The NBA star veteran has exercised his $10.3 million player option with the team for his 18th season, the Spurs announced Monday (June 23).
The news comes on the heels of Duncan and the Spurs’ fifth NBA title this month, when they dominated the Miami Heat in the Finals.
The 38-year-old had until Tuesday (June 24) to pick up his option or opt out and become a free agent … but chose to stay.
Duncan had a strong season, averaging 15.1 points and 9.7 rebounds in 74 regular-season games and then put up 16.3 points and 9.2 rebounds over 23 playoff games.
With Duncan’s commitment, the Spurs are now assured to have their three-player core of Duncan, Manu Ginobili and Tony Parker back for their title defense. All three are entering the final season of their contracts.