SAN ANTONIO, Texas -- Tony Parker and the San Antonio Spurs have come to an impasse in talks of a contract extension, causing the point guard's agent
to end negotiations, the San Antonio Express-News is reporting.
The Spurs offered $64 million for six years and Parker asked for $68 million, though a source close to the situation told the newspaper that the
player would be willing to compromise at $66 million.
If a contract extension is not signed by Sunday, Parker will become a restricted free agent next off-season and the Spurs will have the right to match
any offer he accepts.
"We've been told [Spurs chairman] Peter Holt won't pay a penny above $64 million," Marc Fleisher, Parker's agent, told the Express-News. "We
respectfully think Tony's value is higher and that it just makes more sense for him to wait until the summer."
Fleisher expected a new proposal this week before the Spurs informed him that an increase would not be forthcoming. Parker had said last week that he
was "very confident" a deal could be nailed down.
Still, he's hopeful the Spurs will reconsider.
"I would like to get it done, but I don't know if we will be able to," Parker said. "Marc says the Spurs' offer isn't fair. He thinks we can do better
in the summer. He might be right."
At $64 million, Parker would be getting far more than the $52 million over six years that Manu Ginobili got over the summer and would trail only Tim
Duncan (seven years, $122 million) and David Robinson (six years, $66 million) in team history.
Parker is seeking substantially less than what some other rookies of his year have received. Memphis' Pau Gasol recently got a max six-year, $86
million extension and Utah's Andrei Kirilenko, another Fleisher clients, reportedly is getting the same max deal. New Jersey's Richard Jefferson
signed for $76 million over six years.
"I think there's a good chance he could get a max deal next summer," Fleisher said.
Some Spurs' officials privately agree, according to the News-Express, though Parker is taking a gamble because the league's collective bargaining
agreement expires at the end of the season. Plus, there's the chance of serious injury.