Negotiations between the Memphis Grizzlies and Rudy Gay(notes) ended on Monday without a contract extension, and the forward will become a restricted free agent at the end of the season, league sources told Yahoo! Sports.
League sources said Gay wanted a $12 million annual deal – either over three or five years – because because that’s what Indiana Pacers forward Danny Granger received last season. But Memphis never raised its offer beyond approximately $10 million a year. Memphis never made a significant raise in its offer on Monday, and talks broke off before the Grizzlies’ game with Sacramento late on Monday.
Many in the league thought there was little chance Gay would take less than what he believed was market value to stay with a fledgling franchise that hasn’t shown a commitment to contending.
Gay will become a restricted free agent on July 1. There will be multiple teams with significant cap space, and Gay could sign an offer sheet that the Grizzlies would have to match to keep him.
Gay, 23, was the Grizzlies’ top scorer at 18.9 points a game last season.
Originally Posted by CharlesJones
When I used to work at a apartment that I got laid off from last year in June, I found Saturday Night Fever soundtrack in the trash chute room and I couldn't believe it. Whoever got rid of the album is stupid because I took it home and listened to it and it's very good. John Travolta is a good dancer. I like the cute white woman Stephanie who was his dancing partner but she was stuck up LOL. Did ya'll know John came to the movie premier with actress Lily Tomlin as his date? Hahahahahahahahahahahaha. She's not cute.