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Kings sign Rudy Gay to contract extension

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Grizzlies sign Jaren Jackson Jr. to contract extension
Rockets add Garrison Mathews, waive Anthony Lamb
Spurs exercise contract options on Keldon Johnson and Devin Vassell
Hornets waive Wes Iwundu
Lakers sign Jay Huff to two-way contract
Celtics sign Brodric Thomas to two-way contract
Raptors waive forward Ishmail Wainright
Memphis Grizzlies waive Kris Dunn, David Stockton and Matthew Hurt
OKC Thunder waive Mamadi Diakite, Justin Jaworski and Oliver Sarr
Trail Blazers waive Patrick Patterson, Marquese Chriss and Quinn Cook
Timberwolves waive forward Vince Edwards
Orlando Magic waive Admiral Schofield, B.J. Johnson, Jeff Dowtin and Hassani Gravett
Utah Jazz waive forward Nino Johnson
Mavericks waive Justin Jackson and EJ Onu
Sacramento Kings exercise contract option on Tyrese Haliburton
Dallas Mavericks sign Justin Jackson and E.J. Onu
Dallas Mavericks waive Carlik Jones, Feron Hunt and Tyrell Terry
Miami Heat waive DJ Stewart, Javonte Smart, Micah Potter and Dru Smith
Rockets sign Daishen Nix, waive Marcus Foster
Atlanta Hawks exercise contract options on De’Andre Hunter, Cam Reddish and Onyeka Okongwu
Timberwolves waive Brian Bowen II, Chris Silva, Matt Lewis and Isaiah Miller
Grizzlies sign David Stockton, waive Ahmad Caver
Kings waive forward Emanuel Terry
Timberwolves sign forward Vince Edwards
Lakers waive Joel Ayayi, Chaundee Brown Jr., Cameron Oliver and Trevelin Queen
Pelicans waive John Petty Jr.
Utah Jazz sign forward Nino Johnson
Utah Jazz waive Derrick Alston Jr., Marques Bolden and MaCio Teague
Charlotte Hornets waive Jalen Crutcher and Cameron McGriff
Rockets sign Armoni Brooks and Marcus Foster, waive Tyler Bey
Grizzlies sign Ahmad Caver and Matthew Hurt, waive Sean McDermott and Romeo Weems
Lakers waive guard Mac McClung



| November 19, 2014

Sacramento Kings sign Rudy Gay to contract extension

Kings sign Rudy Gay to contract extensionThe Sacramento Kings have signed veteran forward Rudy Gay to a multi-year contract extension, according to Kings General Manager Pete D’Alessandro.

According to the Sacramento Bee, "Sunday, league sources confirmed the Kings and Gay have agreed to a three-year, $40 million extension through the 2017-18 season. The deal has a player option after two years that would allow Gay to become a free agent in July 2017, when many players will look to capitalize on the NBA’s increased TV revenue. That allows the small forward the chance to cash in one more time if he desires. The deal is also suitable financially for the Kings, who believed Gay could command at least $13 million annually as a free agent."

“I am very excited to announce that Rudy Gay will be a part of the Kings for the long term,” said Kings Owner Vivek Ranadivé. “He is an immensely talented player who is critical to our team on and off the court, and he is a significant reason why things are changing in Sacramento. Players as talented as Rudy have their choice on where to play. He is committed to making the Kings great again and we are committed to his success. I am looking forward to seeing a sea of No. 8 jerseys filling the seats of the new arena."

Currently playing in his ninth NBA season, Gay, 28, has accrued averages of 18.3 points (.450 FG%, .341 3pt%, .787 FT%), 5.8 rebounds, 2.2 assists, 1.4 steals and 35.9 minutes per game in 596 career contests (559 starts). He is one of only 18 players in NBA history to amass at least 10,000 points, 3,400 rebounds, 1,200 assists and 800 steals before his 29th birthday, joining NBA greats like Michael Jordan, Magic Johnson, Larry Bird, Kobe Bryant and Kevin Garnett with that achievement.

“I feel blessed to be in this situation,” said Gay. “I’m grateful for the confidence the Kings have shown in my abilities and appreciate the way Sacramento and its passionate fans have embraced me and my family from day one. The future is bright for this franchise, and I’m thrilled to play a role in helping the organization succeed on the court and in the community.”

“Ensuring Rudy will remain a member of the Kings family is tremendous news for our organization, our fans and the community as a whole,” said D’Alessandro. “This announcement also underscores an unwavering commitment by Vivek Ranadivé to continue building a team that will reestablish a winning tradition in Sacramento.”

This past summer, Gay joined teammate DeMarcus Cousins and helped guide the USA Men’s National Team to a gold medal in the 2014 FIBA World Cup. Through 10 contests this season, he ranks 12th in the NBA in scoring, seventh in minutes played and 26th in free throw percentage.

Since Sacramento acquired the 6’8” forward in a trade with Toronto on Dec. 9, 2013, Gay has appeared in 66 games for the Kings, posting 20.4 points (.475 FG%, .314 3pt%, .842 FT%), 5.7 rebounds, 3.2 assists, and 1.2 steals, including 38 contests with 20 or more points scored.

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