Well this is the word as of around a month ago:
Danny Ferry, admired for his work ethic and leadership during his three seasons with the Spurs, will rejoin the franchise as director of basketball operations.
Ferry will assist with scouting and other day-to-day operations as he learns the NBA's collective bargaining agreement. Ferry's father, Bob, served as general manager of the Washington Bullets from 1973-90.
The Spurs are waiting to announce Ferry's hiring because Indiana, which acquired Ferry last month in the trade for Hedo Turkoglu and Ron Mercer, is trying to deal his non-guaranteed contract to a team seeking salary-cap relief.
We're just trying to find someone who will take Ferry's contract.

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