A person familiar with the situation says Memphis Grizzlies forward Zach Randolph has agreed to a contract extension.
The person spoke to The Associated Press on the condition of anonymity because the extension hasn't been announced. Terms and length of the deal weren't disclosed.
Yahoo Sports, which first reported the news, said Randolph is exercising his $16.5 million option for the 2014-15 season and has agreed on a two-year extension worth $20 million.
The 32-year-old Randolph has been a cornerstone of the Grizzlies franchise since coming to Memphis in 2009. He averaged 17.4 points and 10.1 rebounds this season for the Grizzlies, who lost to Oklahoma City in the first round of the Western Conference playoffs.
--
AP Sports Writer Brian Mahoney in New York contributed to this report.

Top NBA Public Bets

NBA Top Stories

Thumbnail Knicks vs. Trail Blazers Prediction Are the Trail Blazers laying too many points to the Knicks tonight at 10:00PM ET?
Thumbnail Grizzlies vs. Spurs Prediction Are the Spurs a safe bet to cover against the Grizzlies tonight at 8:30PM ET?
Thumbnail Clippers vs. Mavericks Prediction Will tonight's Clippers and Mavericks matchup fly over the betting total at 8:30PM ET?
Thumbnail Raptors vs. Heat Prediction Will the Heat cover as a home favorite tonight against the Raptors when the two teams square off at 7:30PM ET?
Thumbnail Suns vs. Nets Prediction Will the Nets cover the spread tonight as a rare favorite when they host the Suns at 7:30PM ET?

NBA Team Pages