Report: Spurs, Gay intend to sign 1-year, $10M contract

The San Antonio Spurs will sign veteran forward Rudy Gay to a one-year contract worth $10 million, sources told Yahoo Sports' Shams Charania.

Gay will get a slight raise to stay in San Antonio after he declined his $8.8 million option for next season on June 19.

The 31-year-old played well in a reserve role for the Spurs last season, averaging 11.5 points and 5.1 rebounds in just 21.6 minutes over 57 games.