Found July 11, 2012 on Project Spurs:
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It's official, the San Antonio Spurs have announced the franchise has re-signed forward Tim Duncan, though per club policy, no details of the contract were announced. Reports yesterday had Duncan signing for a three-year deal that is fully guaranteed and has a player option in the final year.

Here's a statement from Spurs head coach Gregg Popovich per the Spurs' press release:

“Tim Duncan has established himself as one of the best players in NBA history,” said Spurs head coach Gregg Popovich. “His impact on the Spurs organization and the city of San Antonio can’t be measured. We are all grateful for the leadership and dedication Tim has shown to the Spurs franchise.  He is an unselfish superstar who loves to compete and has only one goal when he steps on the court – to do whatever it takes to help his team win. We are all thrilled that he’ll spend his entire career as a San Antonio Spur.”

With Duncan now officially signed, the expectation is that the franchise will begin re-signing Boris Diaw, Danny Green, Patty Mills, and French guard Nando De Colo in the near future. 

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