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Sources: Gay to stay in Memphis

Updated: July 2, 2010, 12:29 AM ET
By Marc Stein | ESPN.com

The Memphis Grizzlies have stepped up with a big offer to keep Rudy Gay away from the Minnesota Timberwolves, New Jersey Nets and other interested teams.

Sources close to the situation told ESPN.com that the Grizzlies have offered Gay a five-year contract worth just over $80 million and that Gay has verbally accepted the deal.

"It's as close as you could get," one source said. "The deal will be consummated."

The deal will pay Gay more than $13 million starting next season, with ...

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