Sports

Person with knowledge of deal: Sacramento Kings, Rudy Gay agree to $40M, 3-year extension

Sacramento Kings forward Rudy Gay, left, drives against San Antonio Spurs forward Boris Diaw, of France, during the second half of an NBA basketball game in Sacramento, Calif., Saturday, Nov. 15, 2014. The Kings 94-91. (AP Photo/Rich Pedroncelli)

Sacramento Kings forward Rudy Gay, left, drives against San Antonio Spurs forward Boris Diaw, of France, during the second half of an NBA basketball game in Sacramento, Calif., Saturday, Nov. 15, 2014. The Kings 94-91. (AP Photo/Rich Pedroncelli)  (The Associated Press)

A person with knowledge of the deal says the Sacramento Kings and forward Rudy Gay have agreed to a $40 million, three-year contract extension that runs through the 2017-18 season.

The person, who spoke to The Associated Press on Sunday on condition of anonymity because the team had not made an official announcement, also says the extension includes a player option in the final year of the deal.

Yahoo Sports first reported the agreement.

Gay is making $19.3 million this season. He was set to become a free agent in July.

Sacramento acquired Gay in a trade with Toronto last season, and he has teamed with center DeMarcus Cousins to form a dynamic scoring duo in California's capital city. Gay is averaging 22.5 points, 6.8 rebounds and 3.5 assists this season to help the Kings get off to a surprising 6-4 start.