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Report: Kings Sign Rudy Gay to 3-Year $40M Extension

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It seems like the Sacramento Kings are happy with Rudy Gay’s production since he joined the team early last season from the Toronto Raptors, so happy that they’re not even going to wait until the offseason to lock him up says Adrian Wojnarowski.

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.

Gay is averaging 22.5 points, 6.8 rebounds, and 3.5 assists so far this season and has helped the Kings get off to a 6-4 start.

H/T ProBasketballTalk

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