San Antonio Spurs forward Julian Champagnie intends to sign a new three-year, $45 million contract with the franchise through 2028-29, sources told ESPN on Monday.
The Spurs declined Champagnie's $3 million team option to give him a new deal.
Also returning to the Spurs will be forward Harrison Barnes, who plans to sign a one-year, $8 million deal, according to sources. The organization values Barnes' leadership and production as he enters a third season in San Antonio.
Of the Spurs' top 10 scorers from last season, Barnes, 34, was the team's only free agent, and played a major role in the locker room as a veteran leader with championship experience. One of the NBA's most durable players, Barnes played in 77 games last season after starting all 82 games the previous three seasons.
Barnes ceded his starting job in February to Champagnie. Starting in 52 games last season, Barnes averaged 25.8 minutes -- his fewest since his rookie season in 2012-13 -- along with 10 points on 45.6% from the field and 38.8% from 3-point range.
Champagnie's agents, Nick Blatchford and Derek Jackson, put the final touches on a deal with San Antonio executives with a structure that gets him paid early, includes $42 million in new money and provides the Spurs some flexibility.
The 6-foot-7 forward has provided floor-spacing and leadership around Victor Wembanyama and the team's talented guards.
The agreement comes on Champagnie's 25th birthday.
Champagnie averaged career highs in minutes (27.6), points (11.1) and rebounds (5.8) in addition to playing 82 games for the second straight season.
The sharpshooter also set a franchise single-season record with 195 3-pointers.
Champagnie went undrafted in 2022 out of St. John's, where he earned recognition on the All-Big East first team as a sophomore and junior after averaging 16.0 points, 6.8 rebounds, 1.4 assists and 1.6 steals. Champagnie entered the league on a two-way deal with the Philadelphia 76ers, who waived him in 2023 to make room on the roster to sign eventual dunk contest winner Mac McClung.
San Antonio claimed Champagnie two days later, and he has since started in 156 games for the Spurs over the past three seasons.
ESPN's Michael C. Wright contributed to this report.