The Memphis Grizzlies have finalized a contract extension with forward Zach Randolph and signed first-round draft pick Jordan Adams to a multi-year contract.

The deals were announced on Monday.

Randolph exercised his 2014-15 player option and signed a multi-year extension.

Randolph's agent, Raymond Brothers, had said June 27 that Randolph was exercising his $16.5-million US option and had agreed on a two-year extension worth $20 million US.

Adams, a 6-foot-5 guard from UCLA, was the No. 22 pick in last month's draft.

He averaged 17.4 points per game and led the Pac-12 with 2.64 steals per game last season as a sophomore.

His 95 total steals set a single-season school record.

The 19-year-old Adams averaged 16.4 points and 4.6 rebounds in his two-year collegiate career.