OKLAHOMA CITY, OK - MAY 12: Tim Duncan #21 of the San Antonio Spurs waits for the Oklahoma City Thunder to bring the ball down court during the second half of Game Six of the Western Conference Semifinals during the 2016 NBA Playoffs at the Chesapeake Ene
AP Photo
June 29, 2016

A person with knowledge of the situation tells The Associated Press that San Antonio Spurs star Tim Duncan has exercised his contract option for next season but is still mulling his playing future.

Yahoo Sports first reported Duncan's decision on Tuesday. The person spoke to the AP on condition of anonymity because the Spurs have not publicly disclosed Duncan's decision.

Duncan exercised the option for $5.6 million. But the move doesn't necessarily mean the 40-year-old franchise mainstay will return for another season.

Duncan averaged 8.6 points and 7.3 rebounds last season, far below his career averages. But he remains revered and valued by the organization for his leadership and defensive ability, and the Spurs would love to have him back.

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