JULY 8: The Spurs have officially re-signed Gay, the team announced today in a press release.
Gay will remain in San Antonio, a franchise with which he has spent the last two seasons of his career. He held per-game averages of 13.7 points, 6.8 rebounds and 2.6 assists last year. He also had an excellent year from beyond the arc, making 40.2% of his three-point attempts.
Gay has previously made stops with Memphis, Toronto, Sacramento across his 13-year career, first joining the Spurs back in the summer of 2017.
The Spurs had Early Bird rights on Gay, which permitted the team to give Gay a raise worth up to 175% on his previous salary ($10.1MM). As such, San Antonio won’t have to use any form of mid-level exception to complete Gay’s deal.