The 7ft center from Barcelona said he was “looking forward to this new chapter with the best aspirations” in a tweet on Tuesday.
A league source has indicated Gasol’s deal is for two years and worth upwards of $30m.
The Vertical’s Adrian Wojnarowski was first to report the news of the contract, which is said to include a player option in the second year. The Spurs reportedly outbid the Portland Trail Blazers, Minnesota Timberwolves and Toronto Raptors for Gasol’s services.
The six-time NBA All-Star, who turns 36 on Wednesday, signed with the Chicago Bulls to great fanfare during the summer of 2014. While he made two All-Star appearances in two seasons in Chicago, the Bulls regressed to a 42-40 finish this year and missed the play-offs.
Hall of Fame center David Robinson, who played the entirety of his 14-year professional career with the Spurs, welcomed Gasol to the club with a tweet on Monday night.
Gasol has averaged 18.2 points, 9.5 rebounds and 1.7 blocked shots in a 15-year NBA career that’s included stints with the Memphis Grizzlies, Los Angeles Lakers and Bulls. He won championships with the Lakers in 2009 and 2010.
The two-time Olympic silver medallist confirmed last week his desire to play in his fourth Games this summer after months of wavering due to concerns over the Zika virus.
This article was written by Guardian sport, for theguardian.com on Tuesday 5th July 2016 16.52 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010