Diaw's contract is for three years and worth $22-plus million, according to ESPN.com's Marc Stein and a Yahoo! Sports report.
The veteran forward took to Twitter on Sunday to announce the news:
Hey spurs fans, Good news i stay in san antonio for a few more years. Lets win it again #gospursgohttp://t.co/dqkftfLuN1
- Boris Diaw (@theborisdiaw) July 6, 2014Diaw, 32, averaged 9.1 points and 4.1 rebounds per game in 79 games with San Antonio last season.