A local sports development is unfolding in San Antonio, with news emerging about a veteran player's contract. Harrison Barnes, a forward and former NBA champion, is set to remain with the San Antonio Spurs.

The terms of his new deal have been reported, with the contract spanning one year and being worth $8 million. This information comes from a report by ESPN's Shams Charania, citing Barnes' agent Jeff Schwartz of Excel Sports Management.

Further details about the agreement can be found through the original report, providing more insight into the contract and its implications for the Spurs.