Rudy Gay this weekend reached an agreement with the Sacramento Kings on a $40M contract extension for the next three years. Gay still has one year left on his current deal, but decided to negotiate now with the Kings rather than wait out free agency.
The extension begins with the 2015-16 season, and includes a player option for the the 2017-18 season, sources told Yahoo Sports. The ability to exit the deal early gives Gay a chance to become a free agent in the summer of 2017, when he’ll be 31 and the market will be flush with the proceeds of the new $24 billion television package.
Gay’s agent, Alex Saratsis of Octagon, finalized the details of the deal with Sacramento management over the past several days, culminating with an agreement on Saturday night. The Kings have wanted to re-sign Gay for several months, and Gay decided to push forward with an agreement in recent days, deciding to bypass free agency in the summer. (via Yahoo! Sports)
Gay has played solid for the Kings since arriving in a deal with the Raptors. This season she’s scoring well over his career average at 22 points a game. The Kings are 6-4 on the season, and this signing signals the management is serious about building a solid team moving forward and retaining their marquee players.