Elliott Ends Holdout, Signs With Spurs

First-round draft pick Sean Elliott ended his holdout from the San Antonio Spurs Thursday and signed a five-year contract reportedly worth $9 million.

“I’m excited to get it all over with,” said Elliott, the No. 3 pick in last June’s draft. “I knew all along that I’d be a Spur.”

The team did not announce terms of the agreement, but sources said the 6-foot-8 forward from Arizona would receive $1.8 million a year, or $9 million over five years.

“The speculation has been extremely accurate,” said Bob Woolf of Boston, Elliott’s attorney who negotiated the deal.

Elliott signed in time for the Spurs exhibition season opener Saturday against Milwaukee in San Antonio. Asked if Elliott would play, Coach Larry Brown laughed, “Until his tongue hangs out.”