JULY 11: The Spurs have officially re-signed Gay, the team announced today in a press release.
Gay winds up with a modest raise after opting out of a contract that would have paid him $8,826,300 next season. Factoring in a 20% raise from his $8,406,000 salary for 2017/18, the Spurs could go as high as $10,087,200 for Gay’s next deal using his Non-Bird rights.
The 31-year-old forward assumed a reduced role in his first year in San Antonio, but was able to bounce back from a torn left Achilles tendon he suffered in Sacramento. Gay managed 57 games for the Spurs, averaging 11.5 points and 5.1 rebounds per night.
Another year removed from that Achilles injury, Gay could be in for a larger role in San Antonio for the 2018/19 season, particularly if trade candidate Kawhi Leonard doesn’t return. The Spurs’ other key small forward, Kyle Anderson, is also no lock to return, though the team is expected to make an effort to re-sign the restricted free agent.
Having presumably used Gay’s Non-Bird rights to strike a deal with the veteran forward, the Spurs will still have their mid-level exception available.
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