Thursday , Jul , 01 , 2010 Hoopsvibe

Rudy Gay and Memphis agree to five-year, $82 million deal

Rudy Gay has agreed to a five-year, $81.6 million deal with Memphis, including a player option on fifth, his reps at Octagon confirmed to Y!

Via Adrian Wojnarowski for Yahoo! Sports (via Twitter) found on Real GM

HoopsVibe’s Very Quick Call: The first big name of the 2010 market has fallen.

Reports indicate the Memphis Grizzlies have re-signed their own restricted free agent Rudy Gay for five-years and $82 million.

Gay was supposedly a fall-back for clubs with cap-space that failed to land tier-one free agents like LeBron James or Dwyane Wade. The feeling was these teams would float an offer sheet that small-market, cost-conscious Memphis would have trouble matching.

Well, the Grizzlies stepped-up.

In giving Gay – an explosive scorer at the three-spot – market value, Memphis showed they’ll keep young assets, so they can again challenge for a playoff spot in the competitive Western Conference.

– O. Sandor.

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