Spurs Sign Rudy Gay

7:49pm: The Spurs have officially signed Gay, the team announced in a press release.

7:15pm: The Spurs have reached an agreement with free agent forward Rudy Gay, reports Adrian Wojnarowski of ESPN (via Twitter). According to Wojnarowski, Gay’s new deal with San Antonio will be a two-year contract worth $17MM+ and will feature a second-year player option (Twitter link).RudyGay vertical

Since striking a deal to bring back point guard Patty Mills shortly after the new league year got underway, the Spurs have been fairly quiet this week as they waited out the first couple waves of free agency. However, Wojnarowski reports (via Twitter) that the team “worked hard” to close a deal with Gay over the last 72 hours.

Gay, who will turn 31 in August, averaged 18.7 PPG and 6.3 RPG in 30 games for the Kings this past season before going down with an Achilles injury. Despite the injury, the veteran forward elected to decline a player option for 2017/18 that would have paid him approximately $14.26MM.

Gay will earn less than that for the Spurs this season, as San Antonio will use its mid-level exception to complete the signing. The mid-level for a non-taxpaying team like the Spurs is worth $8.406MM in 2017/18, and Gay’s two-year total will be $17.232MM. Although he’ll take a pay cut, the UConn alum seemed frustrated with the organization in Sacramento, and is likely thrilled to be joining a championship contender in San Antonio.

Despite committing to Gay, the Spurs retain the flexibility to match an offer sheet for Jonathon Simmons, who is still on the restricted free agent market.

As for Gay’s other suitors, the Jazz were said to have interest, as were the Heat and Thunder. However, Utah has been working to land Jae Crowder from the Celtics, while Oklahoma City used its mid-level exception on Patrick Patterson and Miami used its remaining cap room on Kelly Olynyk.

Photo courtesy of USA Today Sports Images.

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