Griz Reach Agreement With Rudy Gay

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Multiple outlets are reporting this afternoon that the Grizzlies have reached a verbal agreement with Rudy Gay to retain him for five-year, roughly $82 million contract, a deal that apparently heads off the threat of another team offering Gay a frontloaded contract that Grizzlies owner Michael Heisley may have been reluctant to match. The contract can be signed on July 8th.

More on this later today.

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