SAN ANTONIO (AP) -The San Antonio Spurs have signed an agreement to purchase the Austin Toros of the NBA Development League from Southwest Basketball LLC, the league announced Thursday in New York.
The Spurs will oversee all aspects of the D-League franchise, which is coached by former University of Missouri coach Quin Snyder.
The Spurs are the second NBA team to own and operate their own D-League affiliate, joining the Los Angeles Lakers, who own the Los Angeles D-fenders.
``By owning our own team, we are now in a great position to develop our young players within our system and with our input,'' said Spurs general manager R.C. Buford. ``It's a terrific opportunity for us and we can't wait to get started.''

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