Awesome news.
Spurs had no other choice than re-signing Manu. It will be great to see Manu playing more year year with Spurs. He is such an awesome player.
I will wait to see the specific of his contracts but $40M/3 years is a lot of money and years. Spurs could surely have saved some money by re-signing him sooner. They could also have tried to wait this summer but I'm glad they didn't take that risk.
Spurs main priority for this summer should be Splitter. If he doesn't

Spurs (again), next year team will be really solid.