The first big free agency news for the Spurs has hit, and it’s one that will make many fans happy: Tre Jones is returning on a very team-friendly contract of two years, $20 million, per ESPN’s Adrian Wojnaroski.
Free agent G Tre Jones has agreed to a two-year, $20 million deal with the San Antonio Spurs, his agent Kevin Bradbury of @LIFTSPORTSMNGMT tells ESPN.
— Adrian Wojnarowski (@wojespn) June 30, 2023
The Spurs could have given Jones a qualifying offer and let the market determine his value, but odds are if they already knew he was coming back considering an agreement was reached so quickly, and he possibly could have waited them out for more money.