(AFP) - Argentina's Manu Ginobili re-signed to return for another National Basketball Association (NBA) season on Thursday with the San Antonio Spurs, the only team he has played for.

The 38-year-old Ginobili is returning to San Antonio on a contract that will pay him US$14 million (S$18.8 million). He opted out of his US$2.9 million contract to become a free agent.

Last week, the four-time NBA champion Ginobili announced that he was returning to the Spurs for a 15th season.

Ginobili has averaged 14 points per game with the Spurs, who selected him 57th overall in the 1999 draft.

His re-signing comes three days after forward Tim Duncan announced his retirement following a 19-year career.

It also comes on the same day that San Antonio officially announced the signing of 36-year-old forward Pau Gasol.