Updated

Sacramento Kings general manager Pete D'Alessandro took a calculated risk when he acquired veteran forward Rudy Gay from the Toronto Raptors in a seven-player trade last December.

That risk paid off Wednesday when Gay signed a three-year, $40 million extension to stay in Sacramento through the 2016-17 season.

The Kings view Gay as a second cornerstone to their franchise alongside center DeMarcus Cousins, who is in the first year of a four-year, $62 million contract extension he signed last summer.