The San Antonio Spurs confirmed late Monday that Tim Duncan has exercised his player option and will return to the team for the 2014-2015 ‘race for seis,’ 1200 WOAI news reports.

  As is common practice for the Spurs, terms of the player option were not released, but Duncan has said it is for $10.3 million.  Today was to have been the deadline for Duncan to make up his mind whether to exercise the option.

  Duncan, 38, has led the spurs to a 950-396 regular season record since being selected in the 1997 draft, the best winning percentage in all of professional sports over that span, and the best winning percentage over any 17 year span in NBA history. 

  Duncan’s five NBA titles, in 1999, 2003, 2005, 2007 and 2015, puts Duncan along with NBA journeyman John Salley as the only players who have won NBA titles in three decades and two centuries.

  Duncan also joins the elite company of Michael Jordan, Magic Johnson, bill Russell and Kareem Abdul-Jabaar as the only five players in NBA history to have won five championships and five MVP awards.

  The 234 playoff games Duncan has appeared in is first among active players and fourth all time in NBA history.

  Duncan will also be a guest tonight on the David Letterman Show to talk about the 2014 playoffs and his future.