WEDNESDAY, 7:56pm: Gay has opted in as expected, the team announced.
SUNDAY, 1:35pm: Kings forward Rudy Gay will exercise his $19.3MM contract option for the 2014-15 season, league sources tell Adrian Wojnarowski of Yahoo Sports. Meanwhile, Gay will table extension talks until later this summer.
The Kings want to re-sign Gay to a new, long-term deal and they’re expected to sit down with agent Alex Saratsis of Octagon in the near future to get that going. Gay has waffled on his desire to remain in Sacramento but sources tell Wojnarowski that he has been impressed with the commitment of new owner Vivek Ranadive to build a contending team.
By re-upping his deal, Gay will give himself a hefty guaranteed payday while also getting a chance to see how the Kings’ proposed rebuild looks over the course of the next year. If things pan out to Gay’s liking, he can extend his contract with the club through the 2017/18 season, providing he signs the extension after the calendar flips to July. If Gay isn’t confident in the team’s direction, he can pack his bags and go elsewhere in the summer of 2015.
Gay enjoyed something of a mini-resurgence during his time with the Kings last season. In 55 games, the forward averaged 20.1 PPG off of 48.2% shooting from the floor. He also put up a career-high PER of 19.6 after years of criticism from the stats-conscious community over his lack of efficiency.