Kings announce multi-year contract extension for Rudy Gay

The Kings announced Wednesday they signed forward Rudy Gay to a multi-year contract extension. Terms of the agreement were not officially released, but it's been reported Gay agreed to a three-year, $40 million contract extension.

"I am very excited to announce that Rudy Gay will be a part of the Kings for the long term," Kings owner Vivek Ranadivé said. "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."

Gay, who is in his ninth NBA season, 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 turning 29 years old, joining the likes of Michael Jordan, Magic Johnson, Larry Bird, Kobe Bryant and Kevin Garnett.

"I feel blessed to be in this situation," Gay said. "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."