Zach Randolph agreed Friday to a two-year, $20 million extension with the Memphis Grizzlies after exercising his $16.5 million player option for the 2014-15 season, reports Yahoo! Sports' Adrian Wojnarowski.
After contract negotiations stalled earlier in the week, it was reported that Randolph was "thinking seriously about triggering his early termination option," which would have made him unrestricted free agent, but the two sides were able to come to an agreement before the June 30 deadline.
Randolph had previously expressed his desire to stay in Memphis, where he's played since 2009.
A two-time All-Star, Randolph averaged 17.4 points and 10.1 rebounds per game for the Grizzlies last season.
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