"It might not be long before Richard Jefferson is back on the Spurs' payroll.

Jefferson, who opted out of the final year of his contract Wednesday, has told close associates his top priority in free agency is to secure a new multi-year deal with the Spurs.

In a decision that stunned many NBA observers, the oft-maligned small forward turned down $15.2 million to enter the free-agent market, which opened for business Thursday. His agent, Todd Eley, said Jefferson made the move in the name of long-term security.

Jefferson, 30, hopes for a new, longer contract before the league's collective bargaining agreement is revamped next summer.

The Spurs are open to granting Jefferson's wish, so long as they can bring him back under a more salary cap-friendly deal. With their payroll still projected to be over the cap, the Spurs could be hard-pressed to find a suitable replacement for Jefferson on the open market.

Several NBA sources assume Jefferson and the Spurs had at least the framework of a new deal in place before his decision to opt out.

"It's the only reason for him to opt out," one rival Western Conference executive said.

One unconfirmed report circulating the league Thursday had Jefferson discussing a three-year, $30 million deal with the Spurs. Another placed the terms at a more robust five years for $45 million, with the final season likely only partially guaranteed.

Eley insisted Thursday his client does not yet have a deal with any team. Jefferson is expected to meet with other clubs before finalizing his decision.

He has time to weigh his options. Though teams can talk to free agents now, players cannot sign until July 8."