June 27, 2014 at 1:48 pm

Ex-Michigan State star Zach Randolph agrees to 2-year, $20M extension with Grizzlies

Yahoo Sports, which first reported the news, said Zach Randolph is exercising his $16.5 million option for the 2014-15 season and has agreed on a two-year extension worth $20 million. (Joe Robbins / Getty Images)

Memphis Grizzlies forward Zach Randolph has agreed to a two-year extension, the former Michigan State star told the Memphis Commercial appeal Friday.

"It's cool, man," Randolph told the Appeal. "This is where I want to be."

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.