Jun 22, 2014, 2:39 PM EDT
Rudy Gay is getting paid on a massive, old CBA contract that is set to bring him $19.3 million next season. He had an opt-out where he could leave that money on the table (and become a free agent) for the security of a longer deal, but he was going to take a steep pay cut per year no matter where he inked a new deal.
So Gay has decided to opt-in and stay in Sacramento — where he suddenly played the most efficient basketball of his career — and collect those massive pay checks, reports Adrian Wojnarowski of Yahoo Sports.
Sacramento Kings forward Rudy Gay will exercise his $19.3 million contract option for the 2014-15 season, but has tabled extension talks until later this summer, league sources told Yahoo Sports.
The Kings want to bring Gay back — they loved how he meshed with DeMarcus Cousins in coach Mike Malone’s system — and if they want until after July 1 they can talk about a four year extension, reports Wojnarowski. It will be for less than his current salary, but four years and better than $50 million at least (maybe more like $60 million) is a given. (If his efficiency numbers regress to the mean that number could fall.)
Gay averaged 20.1 points a game for the Kings, just a couple points above his career average. However, what was stunning was the sudden improvement in his efficiency — he went from a well below average true shooting percentage of 46.8 percent in Toronto to 56.7 percent with the Kings. His PER jumped from 14.7 to 19.6.
The question now is will the Kings be able to keep restricted free agent point guard Isaiah Thomas. The issue is money, with Gay opting in and accounting for the No. 8 pick the Kings have an estimated $68.5 million in salary on the books. That is above a salary cap expected to be just above $63 million and pushing a luxury tax line of $77 million. The Kings want to avoid a tax but if a team comes in and offers Thomas $8 million a year (a possibility) the Kings would have to pay the tax to keep him and round out the roster. And this is still not a roster likely to make the playoffs in the West (maybe they compete for the 7/8 seed). To keep Thomas they need a salary dump.
Kings GM Pete D’Alessandro has some work to do this summer, but keeping Gay helps give him a cornerstone. Those are the hard pieces to get.
Jul 6, 2015, 9:16 AM EDT
Llull will have a lower buyout, though
Jul 6, 2015, 8:30 AM EDT
The best guy widely available? David West.
Jul 6, 2015, 8:00 AM EDT
This is a good pickup for the Raptors.
Jul 6, 2015, 1:51 AM EDT
He fits well with what George Karl wants to do.
Jul 6, 2015, 12:28 AM EDT
Whether regular season or Summer League, we love us some buzzer beaters.
Jul 5, 2015, 11:30 PM EDT
Evans won the 2012 dunk contest.
Jul 5, 2015, 10:32 PM EDT
This seems steep, they could have gotten him for less.
Jul 5, 2015, 8:59 PM EDT
The Lakers will need to move Young to clear the cap space for their other moves.
Jul 5, 2015, 7:30 PM EDT
Dallas doesn’t have much to offer.
Jul 5, 2015, 6:00 PM EDT
Dan Gilbert is not afraid to write checks.
Jul 5, 2015, 4:42 PM EDT
The Lakers added the 2015 Sixth Man of the Year.
Jul 5, 2015, 4:00 PM EDT
The Hawks signed Millsap to a max deal earlier this week.
Jul 5, 2015, 2:29 PM EDT
Stuckey had a standout year for Indiana last season.
Jul 5, 2015, 2:00 PM EDT
Ginobili has yet to announce his future plans.
Jul 5, 2015, 12:30 PM EDT
LeBron is going to win, Tristan Thompson is going to get his money.
Jul 5, 2015, 11:00 AM EDT
Another guy who took less money to avoid playing in Sacramento.
Jul 5, 2015, 9:30 AM EDT
L.A. is all kinds of desperate now that DeAndre Jordan has bolted for the Mavericks.
Jul 5, 2015, 8:00 AM EDT
How will Blazers fans react when Aldridge returns?
Jul 5, 2015, 3:12 AM EDT
Quality pickup by the Kings.
Jul 5, 2015, 12:14 AM EDT
Phil Jackson gets a gold star for this move.
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