"We're thrilled that Rudy will return to Sacramento next season," Kings owner Vivek Ranadivé said in a statement. "He quickly demonstrated consistency both on the court and in the community, and we regard him as a valuable member of our organization moving forward."
Gay was productive in Sacramento after being traded from the Toronto Raptors in December, averaging 20.1 points on 48-percent shooting as a King. The team wanted him to stay, but that salary figure essentially eliminates all financial flexibility this offseason.
Sacramento still has a big decision to make regarding restricted free agent Isaiah Thomas, and, of course, the team has to figure out how to best use the No. 8 pick in the draft. The Kings now have a year to figure out whether or not Gay fits into their long-term plans.