The San Antonio Spurs have agreed to a two-year, $32 million deal with Rudy Gay:

This might not be that flashy of a signing, but he was solid the last two years with the Spurs, so it makes a lot of sense to bring him back. Last season in San Antonio, Gay played in 69 games and averaged 26.7 minutes, 13.7 points, and 6.8 rebounds.

General Manager R.C. Buford said earlier this offseason that the team wasn't going to be super active in free agency, at least not early:

“We’re not going to be a team that’s got loads of cap room to go out and do something,” general manager R.C. Buford said via The San Antoino Express News. “Our free agency path will be different than some other teams.”

The expectation was that the Spurs would bring back Gay for at least one more season, and this contract has him back for two.

With Gay re-signing with the team, the Spurs now have 14 guaranteed contracts for next season, which means they only have one more open roster spot. Unless the team makes a trade, they will have the cap space to sign one player using the mid-level exception, which is worth $9.3 million.

Even if the rest of the offseason is slow in terms of signing players, the Spurs made it clear that re-signing Gay was the top priority, and now that priority has been checked off the list.