The San Antonio Spurs today announced that, per his request, the team has released Malik Hairston from his contract.

?We?ve enjoyed having Malik in our organization,? said Spurs General Manager RC Buford. ?He is a hard-worker, a talented basketball player and an outstanding young man. After Malik approached us we were happy to honor his request as it will, after he clears waivers, allow him to pursue an excellent overseas basketball opportunity.?

The Spurs signed James Anderson, their first-round draft pick, to a rookie contract on Friday.

Anderson can earn about $2.825 million over the first two years of the deal, with team options for the third and fourth seasons.

San Antonio used the 20th pick to select Anderson.

"This is a player who has performed at a very high level for three years at Oklahoma State, yet at the same time just turned 21," Spurs general manager R.C. Buford said.

"We get the best of both worlds ? a potential project, as well as someone who has excelled at a very high level in a power conference."

Gary Neal has signed a three-year guaranteed deal with the Spurs.

Neal's agent David Bauman confirmed the news to DraftExpress.

Richard Jefferson's new contract with the Spurs is worth $38.8 million over four years, according to sources.

Jefferson will hold a player option for the final season at approximately $11 million.

He opted out of the final year of his previous contract with San Antonio, which would have paid him $15 million for the 2010-11 season.

Richard Jefferson will re-sign with the Spurs on Wednesday.

Details of the new deal aren't available, but Jefferson's salary will be well below the $15.2 million he would have made he had not opted out of the final year of his contract.

Jefferson's agent, Todd Eley, explained last month that the forward preferred long-term security over the uncertainty of becoming a free agent next season.

Tiago Splitter signed with the Spurs on a three-year, $10.9 million contract.

Splitter will make $3.4 million in 10-11.

The Mavericks are close to signing former San Antonio Spurs  center Ian Mahinmi, NBA sources said Sunday.

If the Mavericks secure Mahinmi, who would at the very most require the bi-annual exception of about $1.9 million, it would likely mean that Erick Dampier won't return for the 10-11 season.

Both the Heat and Spurs have been mentioned as a potential landing spot for Shaquille O'Neal, but Marc Stein dismisses both as unlikely.

The Spurs don't often take risks like O'Neal in terms of interfering with chemistry and Pat Riley has already worked with him in Miami.

The Mavericks and Hawks are the two teams in the best position to sign O'Neal.

The Spurs have agreed to re-sign forward Matt Bonner to a four-year deal.

Bonner agreed to the deal on Thursday from his home in New Hampshire.

He received interest from Denver, Dallas and Chicago, but never wavered in his desire to return to San Antonio.

The Spurs have reached a contract agreement with Tiago Splitter, according to Ticket 760 (KTKR-AM).

He is expected to sign the undisclosed deal on Monday.

San Antonio drafted Splitter with the 28th overall pick in the 2007 NBA Draft.