Gay has one year left on his current deal, which will pay him 19.3 million. After negotiations broke down, Rudy had no reason to come back to the table unless he was legitimately interested in being locked up in Memphis, especially since it seems highly unlikely that he wouldn't get a higher offer next season.Īnyhow, good news for a player that, I believe, has shown a lot of progress with his shot selection and understanding of his role within this new weapons-heavy Grizzlies offense. Rudy Gay has reached agreement on a three-year, 40 million contract extension with the Sacramento Kings, league sources told Yahoo Sports. To those who believe that there's no hope and Rudy is definitely planning on jetting to a bigger market, I'd like to note that these negotiations reopening is a definite sign of goodwill. If Rudy were to have a similarly structured contract for about $2 million dollars less, which is supposedly what he's asking for, I'd be pretty happy with the outcome. After opting in to a 19 million dollar player option, there is a 'good chance' Rudy Gay will sign an extension with the Sacramento Kings this season. One of the few 2006 guys to get extended is LaMarcus Aldridge, who has a contract between $60-70 million depending on incentives hit. Sources: Rudy Gay reaches agreement on extension with Kings Gay has agreed to a three-year contract extension worth 40 million that includes a player option for the 2017-18 season. If Rudy were to get between $10-12 million a season, it's almost impossible not to see that as a pretty fair valuation of what he brings to the table. That's not small money, but it's certainly far more reasonable then some of the numbers previously thrown around.
They're claiming that Gay is looking for 5 years and around $50-60 million.
RUDY GAY CONTRACT EXTENSION FREE
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. The original deadline for extensions has already been passed, but the timetable was pushed back to Monday by league officials because so few 2006 draftees had gotten their paydays. The extension begins with the 2015-16 season, and includes a player option for the the 2017-18 season, sources told Yahoo Sports. Word out of Yahoo is that Rudy Gay and the Grizzlies have reportedly reentered contract negotiations.