MEMPHIS -- The Memphis Grizzlies signed forward Rudy Gay to a multi-year contract Thursday, officially ending his flirtation with free agency.
Terms of the deal were not disclosed, but the Memphis Commercial Appeal backed up earlier reports that revealed it is for five years and worth $82 million US.
"It's a great day for the Grizzlies franchise to re-sign Rudy," said Memphis general manager Chris Wallace. "Rudy has been a cornerstone of our team for the past four seasons and was one of the top stars in perhaps the greatest free agent class in NBA history. We're very excited for him to continue his professional career in the city of Memphis."
Gay, the eighth overall pick in the 2006 draft, ranked second on the Grizzlies' scoring list last season with 19.6 points per game, adding 5.9 rebounds and 1.5 steals in 80 contests.
Over his four-year career, Gay has averaged 17.4 points and 5.5 boards in 318 contests -- all with Memphis.
The 23-year-old has previously decided to test the waters with a visit to Minnesota last week, but cancelled the trip after agreeing in principle to the qualifying offer the Grizzlies made.
"I'm grateful to the Grizzlies organization for giving me the opportunity to continue my NBA career in Memphis," Gay stated. "I embrace the opportunity to continually evolve in this leadership role -- on and off the court."