Plus, they should have spending flexibility since Gay's contract is a tad lower than expected.

Now, the Kings have Gay and DeMarcus Cousins locked up for the next three years. Their persistence, and perhaps the Kings' hot start, appear to have paid off.įrom our Kings blogger at RT 3 years and $40 million for Rudy is phenomenal. Even then, the Kings expressed their intent to keep Gay in Sacramento. This summer, Gay tabled extension talks after exercising his player option for this season. Signing Gay to an extension is a boost for a Kings organization eager to keep it's stars around as they near closer and closer to building a new downtown arena. Gay is averaging 22.5 points, 6.8 rebounds and 3.5 assists for the surprising Kings, who are off to a hot start at 6-4. Gay could opt out to become a free agent in the summer of 2017, at the same time the NBA's $24 billion TV deal kicks in. The extension begins in the 2015-16 season and has a player option for the 2017-18 season. Gay has one year left in his current deal, which pays him $19.3 for the 2014-15 season. Rudy Gay has reached an agreement with the Sacramento Kings on a three-year, $40 million contract extension, according to Yahoo Sports.