Rudy Gay, Grizzlies Agree to Five-Year Extension

If you can explain why Grizzlies didn’t wait for Gay, a restricted free agent, to bring back an offer sheet, you’re better than us. From the Memphis Commercial Appeal: “The Memphis Grizzlies and restricted free-agent Rudy Gay have agreed in principle on a five-year contract, The Commercial Appeal has learned. NBA sources indicated that Gay will sign the deal on or soon after July 8 when teams are allowed to finalize contracts. Gay’s starting salary will be the maximum allowed a player with his experience – projected to be roughly $13.3 million – according to sources. Gay, 23, was supposed to visit the Minnesota Timberwolves this afternoon but canceled the trip. The 6-8 forward will not visit any potential suitors.”