Adrian Wojnarowski is reporting that Kings guard Rudy Gay has exercised his $19.3 million player option for this season, and will likely expect an extension once to the two sides meet later this summer.
The re-signing of Gay is a top priority for the Kings. Team management and Gay’s agent, Alex Saratsis of Octagon, are expected to re-engage discussions in the near future, sources said.
After July 1, the Kings and Gay will be able to negotiate a full four-year contract extension. Gay has been in constant contact with Kings management, and has been impressed with new owner Vivek Ranadive’s commitment to constructing a contender, sources said.
After joining the Kings, Gay averaged 20.1 points on 48.2 percent shooting. If Gay is unable to complete an extension with the Kings, he’ll become an unrestricted free agent in the summer of 2015.
