Loyalty Exists! Manu Ginobili Signs Three-Year Contract Extension With Spurs

The extension is for a total of $38.8 million, according to CBS Sportsline’s Ken Berger. Ginobili will make $11.8 million in 2010/11, $12.9 million in 2011/12 and $14.1 million in 2012/13. He passed a physical Thursday afternoon, which clears the last remaining hurdle to finalizing the extension.

In case you’re wondering, yes, that means Ginobili will be making $14.1 million as a 35-year old. Clearly, the Spurs are giving Ginobili that much money for reasons that go beyond basketball. He’s a beloved player for Spurs fans and has great standing with San Antonio’s Hispanic population. It’s also possible the Spurs are throwing Ginobili a bit of a bone, since he was probably underpaid for his previous contract.