Hard cap. Luxury taxes. Stretch provision. There’s all sorts of fun stuff swirling around Oklahoma City this month. Sure beats the old days of re-signing Derek Fisher in late July and calling it a summer.
Rudy Gay and the Hard Cap
The Thunder pursued Rudy Gay hard. No official offer terms were announced, but it’s likely Oklahoma City offered a contract starting at $5.2 million using the taxpayer Mid-Level Exception (MLE for short, TMLE if you want to get all nerdy).
Gay eventually passed on the Thunder’s offer and signed with San Antonio instead.