OKC Thunder's Serge Ibaka signs deal to play in Spain during NBA lockout

Serge Ibaka has signed a contract to play in Spain during the NBA lockout.

The Oklahoma City Thunder forward becomes the team's third player to opt to play overseas during the NBA's labor dispute, which is now costing the league regular season games.

Ibaka signed a two-month contract with Spanish power Real Madrid, his agent Andy Miller has confirmed to The Oklahoman. The Spanish web site Marca.com first reported the deal Tuesday morning. According to the report, Ibaka's contract will pay him the equivalent of $140,000 per month.

“I'm very proud to start being part of an historic club like Real Madrid,” Ibaka wrote on his web site Tuesday. “I'm thankful for this great opportunity as a person and as a player. I arrive with humility to try to learn from the coach and the teammates and, at the same time, with ambition to try to help the team win as many games as possible while I'm with the team. I'm excited to get to know the team's fans.”