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Zach Randolph exercised his $16.5 million player option with the Grizzlies and also signed a two-year, $20 million extension with Memphis on Thursday, Yahoo! Sports reports.

Randolph exercised his $16.5 million player option with the Grizzlies and also signed a two-year, $20 million extension with Memphis on Thursday, Yahoo! Sports reports.

Analysis:

Randolph is the heart and soul of the Grizzlies and has averaged a double-double in four of his five years in Memphis, including 17.4 points and 10.1 rebounds last season. At 32 years old, Randolph's effectiveness has hardly declined, resulting in his latest extension while eliminating him from the potential free agent pool this summer.

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