|2014 Regular Season|
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.
Randolph is averaging a team-best 18.2 points in the series, which ends Saturday night.
Randolph finished the regular season with 46 double-doubles in 78 games played.
Randolph's eight field goals in the first quarter tied a franchise mark held by Mike Bibby.
Randolph is averaging 20.6 points over the last five games, up from his season mark of 17.3.
Randolph has a combined 46 points and 25 rebounds in the last two games.
The power forward sat out when Memphis lost 103-94 at Brooklyn on Wednesday night. He came to the arena in hopes of playing, but was unable to go. Memphis coach Dave Joerger says it was "just a bout of the flu."
Randolph had 17 points in the second half to help fantasy owners with his 35th double-double.
Though Randolph's scoring has been somewhat inconsistent of late, his 17.4 scoring average is his highest in three seasons.
The 10-of-16 shooting night was his best since Nov. 18.
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