Manu Ginobili is ranked 41st in season FIC during the 09-10 season, giving him a Reina Value of +12%, 'deserving' Samuel Dalembert's salary just over $12M. At an annual average of $13.3M, Ginobili will need to maintain his current level of play until he's 35 for the Spurs to recoup their investment. Because of the flood of teams with cap space, Ginobili could have very conceivably made more on the open market.

Because he spent his early 20s abroad, Ginobili doesn't have as many NBA miles on his almost 33-year-old legs as most players do at that age. Provided he's healthy, Ginobili is largely the same player has has been since the 04-05 season when he first had a TS% over .600. His PER that season was 22.3 and is now at 22.8, down a little from his peak years of 06-07 and 07-08, but his production and health after offseason ankle surgery has been a pleasant $40M surprise.

Ginobili still attacks the bucket as frequently as he always has, but has dropped off in his efficiency as a finisher here from where he was before the surgery. He looks to dish off when penetrating as much as he looks to finish and that has created a spike in assist rate up to 28.2% (6.2 assists per 36 minutes, above his career average of 4.8 per 36).

He has recovered from his one-season slump from distance to shoot it at a clip of 39% in 09-10.

Defensively, Ginobili is largely still as good as he always has been.

Ginobili is one of the game's savviest players and will continue to be productive whenever he is healthy enough to be on the floor.

The Spurs undoubtedly will be overpaying a little bit in the third year of his extension when he's 35, but I think they will rest a little easier knowing they had him at below market value for the majority of his career. If Ginobili would have become a free agent, a desperate team with cap space could have offered him a balloon payment for 2010-11, leaving the Spurs completely vulnerable since they already are in cap hell. The 10-11 season will be as tax-laden as this season is with the San Antonio payroll just under $80M, but at least they will have Richard Jefferson coming off the books in the 2011 summer when Tony Parker becomes a free agent.

Grade for Spurs: B+

For Ginobili, this deal all but ensures he retires with San Antonio and also gives him the security he's earned by proving his health and value throughout a 09-10 season where he has been nearly as valuable to the team as Tim Duncan.

He struggled for much of the first half of the season, shooting 40.3% before the break and 48.7% after it. Ginobili and Herb Rudoy appear to be cashing in without a hometown discount on his late season resurgence and impeccable timing just shortly before he would have become an unrestricted free agent in a carnivorous summer.

Grade for Ginobili: A

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