The Spurs announced the signing on Monday. Gasol opted out of the two-year deal he signed last summer to give the Spurs more salary cap flexibility to supplement the roster in free agency. But he always intended to re-sign with San Antonio, where he averaged 12.4 points and 7.8 rebounds in just over 25 minutes per game last season.
Gasol played 64 games, filling a starting role and coming off the bench for a team that won 61 games and lost to Golden State in the Western Conference finals.
Gasol’s help allowed the Spurs to add Rudy Gay and Brandon Paul in free agency.