Published: October 30, 2007 01:51 pm            

Tim Duncan, Spurs agree on 2-year contract extension

SAN ANTONIO — Tim Duncan has agreed to a two-year, $40 million contract extension with the San Antonio Spurs, an official familiar with the negotiations said Tuesday.

The agreement will add to Duncan’s existing three-year deal and keep him in San Antonio at least through the 2011-12 season, according to the official, who spoke on condition of anonymity because the source was not authorized to discuss negotiations.

The 31-year-old Duncan has led the Spurs to four NBA titles in the past nine seasons, and he was the finals MVP for the first three. He also won back-to-back league MVP titles in 2002-03.

Duncan, entering his 11th season, was the No. 1 pick in 1997, two years before the Spurs won their first title.

The nine-time All-Star has career averages of 21.8 points and 11.9 rebounds.

The Spurs opened defense of their title Tuesday night at home against Portland.

        

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