The Spurs have reached agreement to purchase the Austin Toros of the NBA?s developmental league, an NBA source said Thursday afternoon.

The agreement means the Spurs will become the sole affiliate of the Toros and will be responsible for hiring the team?s management and coaching staffs.

The Toros are expected to continue playing in Austin for the foreseeable future, the source said.

The Los Angeles Lakers are the only other NBA franchise to own a D-League team.