Forward Doug McDermott agreed to a three-year, $42 million contract with the Spurs, a source told ESPN senior writer Zach Lowe on Monday, highlighting a quick roster upgrade for San Antonio once free agency opened.
The Spurs also added power forward/center Zach Collins to a three-year, $22 million deal, agent Mark Bartelstein told ESPN's Adrian Wojnarowski.
McDermott was one of the first players to agree to a contract in 2018, when he signed a three-year, $22 million deal with the Indiana Pacers. The 29-year-old veteran set career highs across the board this past season for the Pacers, including points (13.6), rebounds (3.3), assists (1.3), field goal percentage (53.2), minutes per game (24.5) and starts (29).
An elite 3-point shooter since he was a star at Creighton, where he played for his father, McDermott served a vital role for a Pacers team that spent all season dealing with a series of injuries to their wing players, including T.J. Warren and Caris LeVert.
The Portland Trail Blazers declined to make Collins a qualifying offer, making the 10th overall pick of the 2017 draft an unrestricted free agent. Collins was once considered part of Portland's core, but injuries have plagued his career, limiting him to a total of 11 games over the past two seasons.
Collins, 23, is attempting a comeback after undergoing three surgeries on his left ankle over the past year.
Collins originally injured the ankle during the NBA's restart in the Walt Disney World bubble, undergoing surgery to repair a broken bone in September 2020. He twice suffered setbacks, undergoing surgeries to repair left medial malleus stress fractures in December and June, sidelining him for the entire 2020-21 season.
Collins also missed the first four months of the 2019-20 season while recovering from surgery on his left shoulder.
Collins has career averages of 5.7 points and 4.0 rebounds per game, primarily as a reserve. Portland planned for him to transition into a starting role -- his 11 appearances in 2019-20 were all starts -- before injuries derailed his career.
ESPN staff writer Tim Bontemps contributed to this report.