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The San Antonio Spurs have re-signed point guard Tre Jones to a new contract, a move that was reported earlier this summer but was just officially announced by the team. The team did not reveal the details of the contract, but according to ESPN’s Adrian Wojnarowski’s original report, it’s a two-year, $20 million deal.
Jones just wrapped up his third NBA season, which was by far the best of his career. The 23-year-old point guard appeared in 68 games (including 65 starts) and played 29.2 minutes per contest. He averaged 12.9 points, 3.6 rebounds, and 6.6 assists per game while shooting 45.9% from the field and 28.5% from behind the three-point line.
While the move was announced at the beginning of free agency, the Spurs waited to make it official so they could use the rest of their cap space effectively.
If Jones had signed the offer when it was reported, the Spurs would have lost most, if not all, of their remaining cap space. But since they can go over the cap to re-sign their own players, they made other moves first. In turn, they were able to help multiple teams complete sign-and-trades by taking on extra salary.
They added Reggie Bullock, Cameron Payne, Cedi Osman, and Lamar Stevens in these trades, the latter of whom was just recently waived.
Now, the Spurs have a ton of tradable contracts on the roster which can be used in future moves, and Jones is also back in place. He’ll almost certainly be the team’s starting point guard heading into next season, pairing Victor Wembanyama with a solid pass-first point guard.
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