Jefferson with the Spurs for five more years?

According to the nydailynews.com, the San Antonio Spurs could have a deal to re-sign Richard Jefferson for five years:

Clearly, there’s a side deal in place to re-sign him ($45M over five years) that starts at $7M. That allows San Antonio to get under the luxury tax and save roughly $20M, the $8M lopped off his original deal (doubled) and the $3M-to-$4M the team figures to pocket from the equally divided loot paid by the teams over the luxury tax.

Got to like the Spurs getting some financial relief if this report is true but not liking five more years of Jefferson in a Spurs uniform.