Zach Randolph Rumors | Hoops Rumors

Zach Randolph Signs Extension With Grizzlies

July 7th, 2014 at 6:18pm CST by Chuck Myron

JULY 7th: Memphis has officially confirmed Randolph’s signing via press release.

JUNE 30TH: It’s official – Randolph delivered his $16.5MM player option to Memphis today and inked his two-year, $20MM extension, a league source tells Adrian Wojnarowski of Yahoo Sports (on Twitter).

JUNE 27TH: The Grizzlies and Zach Randolph have struck a deal on a two-year, $20MM extension, agent Raymond Brothers confirms to Adrian Wojnarowski of Yahoo! Sports. Ronald Tillery of The Commercial Appeal was the first to report that the two sides had reached an agreement (Twitter link). Randolph is opting in to his contract as a part of the arrangement, Wojnarowski writes. He’ll collect more than $16.9MM in salary for next season as a part of his existing deal, and the extension will kick in for 2015/16.

Negotiations had reportedly hit a snag over money earlier this week, but the talks otherwise seemed to indicate momentum toward a deal. The extension will keep Randolph from free agency, where it appeared as though the 32-year-old would have been able to command a three-year, $30-35MM deal from Memphis or other suitors. He was 10th in the most recent edition of the Hoops Rumors Free Agent Power Rankings.

Randolph spoke on multiple occasions within the past year of his affection for Memphis, and it seemed like GM Chris Wallace‘s reinstatement as the head of the team’s basketball department made those feelings mutual between the team and the power forward. Former CEO Jason Levien had been a fan of backup Ed Davis and reportedly made at least two attempts to trade Randolph. Randolph’s new deal casts the future of Davis in limbo as he’s set to enter restricted free agency.

The Grizzlies will likely be over the cap entering free agency next week, as they’ll have more than $65.9MM in guaranteed salary for 2014/15 with Randolph opting in. The Grizzlies will have about $35MM in salary on the books entering July 2015, when Marc Gasol is set to hit free agency.

Grizzlies Owner On Wallace, Randolph, Levien

June 27th, 2014 at 1:29pm CST by Chuck Myron

Grizzlies GM Chris Wallace made his first significant moves since returning to control over the team’s basketball operations department in the past 24 hours, agreeing on an extension with Zach Randolph and coming away with Jordan Adams and Jarnell Stokes from the draft. Owner Robert Pera had praise for Wallace Friday morning on 92.9FM ESPN radio in Memphis, but he also shed some light on the future of Wallace’s role as the team interviews candidates for a GM-in-waiting gig. Ronald Tillery of The Commercial Appeal provides a subscription-only transcription of Pera’s hour-long talk. We’ll share three of the owner’s most relevant comments:

On Wallace:

“What he says is the truth. He doesn’t play any games. …We might very well promote Chris Wallace to president of basketball operations. It’s wide open. Either way, Chris Wallace is staying around.”

On the agreement to sign Zach Randolph to an extension:

“We’re excited about that. Our two goals were making sure Zach was happy and focused and our other goal was to surround Zach with the right pieces to win a championship.”

On former CEO Jason Levien:

“Part of what makes me successful in my career is if I have a feeling about something or an instinct I go ahead and do it. Once I get a sense, I’m aggressive and I do it. [Levien and I] became fast friends. Over the course of time, what I learned is he’s very talented but I felt it was my responsibility to make sure the organization and the culture is headed toward a championship. I have my reasons and I stepped in and made a change. …I don’t think it was a bad thing.”

Talks Stall Between Grizzlies, Zach Randolph

June 25th, 2014 at 11:08am CST by Chuck Myron

11:08am: The impasse came about when negotiations “went beyond” Wallace from the Grizzlies side, Tillery writes in a subscription-only piece. That indicates that owner Robert Pera is hesitant to spend too freely on Randolph, but that’s just my speculation. In any case, Randolph is leaning toward opting out, according to Tillery.

10:38am: Two others Western Conference teams are paying close attention to the talks and preparing strong pursuits of Randolph should he hit free agency, according to Tillery (on Twitter).

9:58am: The number of years involved in the deal aren’t the stumbling block, but the two sides are split over money, TNT’s David Aldridge tweets.

JUNE 25TH, 9:35am: Randolph and the team have hit a snag over money and the length of a new deal, and he’s giving serious thought to turning down his player option and hitting free agency next month, reports Adrian Wojnarowski of Yahoo! Sports. Memphis wants a three-year deal while Randolph is pushing for a four-year arrangement. Since extensions can only add three years onto an existing deal, that presumably means Randolph prefers to opt out and ink a new deal with the team in free agency.

JUNE 20TH: The Grizzlies and Zach Randolph seem close to a deal that would keep the power forward in Memphis for the next several seasons, as Ronald Tillery of The Commercial Appeal writes in a subscription-only piece. A report last month indicated that the Grizzlies and the Raymond Brothers client were in talks on an extension, but it’s not clear whether the deal would involve an extension or a scenario in which Randolph opts out and signs a new long-term contract. The 32-year-old has a player option worth more than $16.9MM for next season.

Tillery also casts a degree of doubt on this week’s report that indicated that GM Chris Wallace would remain in charge of the team, though he describes him as the front-runner for that role. Wallace is “ardent” about coming to terms with Randolph, and he’s had frequent discussions with Brothers, according to Tillery.

“It’s going forward,” Wallace said of the talks. “We’re very excited about what Zach’s done in the past and hope to have him here in the future. This has really been a terrific boon for both sides. He’s obviously meant a great deal to us on and off the court. And Memphis has worked for him. This has been, by far, the best stop for him since he’s been in the NBA. So we’re working towards that goal.”

Brothers also sounds optimistic about reaching a deal, Tillery notes. It’s a change of pace from the Grizzlies’ stance under ousted CEO Jason Levien, who, as Tillery reveals, attempted to trade Randolph for Eric Gordon before the start of the season until the Pelicans rebuffed his efforts. It was one of at least two attempts Levien made at trading Randolph, as the then-CEO was high on Ed Davis, believing in him as a replacement for Randolph at power forward, Tillery says.

It appears that market value for Randolph is akin to a deal worth $30-35MM over three years, which would represent a significant dip in annual salaries over what he would earn on his option next season. Still, both sides are liable to make concessions given their mutual admiration, as Randolph has spoken on multiple occasions of his affection for Memphis. There’s chatter regarding a role within the Grizzlies organization for Randolph after he retires as a player, Tillery adds.

Western Notes: Randolph, Sterling, Jazz

June 24th, 2014 at 8:10pm CST by Ryan Raroque

Mark Deeks of ShamSports.com explains the odd circumstance concerning Zach Randolph‘s player option with the Grizzlies next season. According to the current CBA, a player cannot earn less money in a player option year relative to how much he made in the previous season. As it currently stands, Randolph will make $16.5MM if he decided to opt in for 2014/15, which is considerably lower than the $17.8MM he made in 2013/14.

Tim Duncan had a similar issue in his contract with the Spurs, as his player option for the upcoming year was initially less than what he made this past season. While Duncan’s contract was ultimately modified to address the error, Randolph’s remains unchanged simply because the contract had been signed too long ago, Deeks hears. Randolph and Memphis reportedly are moving toward a multi-year deal, but if he opts in and the deal winds up coming in the form of an extension, Randolph’s missing money will come into play.

Here are more noteworthy links to pass along tonight:

A Los Angeles Superior Court judge said that the terms of the Sterling family trust may give Donald Sterling little room to challenge the finding that he is mentally incapable of continuing as co-owner of the Clippers, writes James Rainey of the Los Angeles Times. This would appear to give Shelly Sterling the advantage in her case to affirm both her control of the trust and sale of the team.
The Jazz announced the additions of Brad Jones, Antonio Lang, Alex Jensen, Mike Wells, and Johnnie Bryant to Quin Snyder’s coaching staff. Jones will be Snyder’s lead assistant, according to Jody Genessy of the Deseret News (Twitter link).
Maccabi Tel Aviv has opted out of its contract with Joe Ingles, reports David Pick of Eurobasket.com (Twitter link). Back in March, we passed along that Ingles was considering a move to the NBA this summer. The Grizzlies and Jazz were among the Western Conference teams reported to have interest in the Australian-born forward.

Western Notes: Grizzlies, Harris, Wolves

June 21st, 2014 at 10:32pm CST by Eddie Scarito

The Grizzlies need to find a small forward this summer, opines Ronald Tillery of The Commercial Appeal in a subscription-only piece. Coach Dave Joerger said, “It’s becoming much more of a playmaking position. Used to be your shooting guard was a guy you ran off of picks and spot up to make shots. Point guard brought it up and your small forward was a defender and athletic runner. That’s not the case anymore. Teams are playing smaller and small forwards are like having another point guard. They’re having to make plays, create shots for other people and just do more than, say, 10 years ago.” Tillery notes the players the Grizzlies are looking at in the draft to fill this need are Kyle Anderson, K.J. McDaniels, Jerami Grant, Glenn Robinson III and Cleanthony Early.

Southwest Notes: Duncan, Randolph, Draft

June 14th, 2014 at 9:59am CST by Cray Allred

The Spurs hope to wrap up a fifth NBA Championship tomorrow night in San Antonio. It will be interesting to see how a dominant Finals might sway the plans of Tim Duncan and Gregg Popovich for next season. The thought of going out on top could be appealing, but maybe not as much as chasing a sixth ring. Here’s a rundown of the Southwest Division:

Duncan’s player option for the 2014/15 season has been increased from $10,000,000 to $10,361,446 in order to meet the CBA’s requirement that a player option not pay less in salary than the year preceding it, multiple sources tell Mark Deeks of ShamSports.
Zach Randolph also owns a contract that was approved despite violating the same restriction, but Deeks writes that no change has been made to Randolph’s deal at this point. As we mentioned in our Free Agent Stock Watch piece on Randolph, his steeper decrease in salary (from $18.2MM to $16.9MM) for next year’s player option could be a significant factor in his decision-making process heading into the offseason.
Deeks speculates that the league may have opted not to adjust Randolph’s deal because it was signed under the 2005 CBA which is no longer active, whereas Duncan’s deal was signed under the current CBA.
Adi Joseph of USA Today covers the draft needs of the Grizzlies, Spurs, and Rockets.

Grizzlies, Zach Randolph Talking Extension

May 26th, 2014 at 3:13pm CST by Chuck Myron

Memphis power forward Zach Randolph has begun preliminary talks with the team about an extension, reports Adrian Wojnarowski of Yahoo! Sports. Randolph has a player option worth more than $16.9MM for next season, but it appears he and the team are ready to discuss a future that extends beyond 2014/15. Randolph and owner Robert Pera have spoken within the past week, and agent Raymond Brothers indicated a fondness for Pera and especially GM Chris Wallace, who’s been restored to power in the front office on an interim basis.

“We have a great level of comfort and trust with Robert Pera and Chris Wallace,” Brothers said. “Chris and I have been working together for years. He is a good guy.”

Wallace’s return seem to auger well for the negotiations, as Wojnarowski hears that agents and GMs around the league are “thrilled” to once more do business with him. Wallace hadn’t set foot in his office for nearly a year as he languished in virtual exile under former CEO Jason Levien‘s reign in charge of the team’s basketball operations, but with Levien fired, Wallace is a candidate to stay in control of the roster for the long haul. Wallace will remain within the organization one way or another, according to Pera.

The offseason ahead for Wallace and the Grizzlies hinges on Randolph, as I wrote a couple of weeks ago when I previewed the summer for Memphis. Randolph spoke on multiple occasions this year of a desire to stay in Memphis for the rest of his career, though trade rumors invoking his name annoyed him and prompted him to question the organization’s loyalty. He’ll be 33 in July, and a report from Marc Stein of ESPN.com indicated that he’d be in line for a three-year deal worth $30-35MM if he turned down his option and hit the market this summer.

Such an agreement would represent a significant comedown in pay from the more than $18.2MM he made this year. Randolph had a strong season, scoring 17.4 points per game with an 18.3 PER, and he remains a pivotal inside force who embodies the hardscrabble Grizzlies. Still, his age dictates that he won’t see the salaries he’s accustomed to in a new deal, and that makes him a prime candidate for an extension. Veterans with upside tend to shy away from extensions because they can tack no more than three additional years onto a contract with a starting salary of no more than 107.5% of what the player made in the final season of the existing contract.

Randolph won’t approach such a salary limit, but regardless of whether he declines his option, an extension with Memphis would mandate a salary no less than what he would have made on the option. That would be more than he’s likely to receive from the team in a new deal, so I wouldn’t be surprised to see Randolph and Brothers push hard for an extension before they have to decide on the option at the end of June.

Free Agent Stock Watch: Zach Randolph

May 10th, 2014 at 12:55pm CST by Cray Allred

Zach Randolph may have spent his final game as a member of the Grizzlies away from the team, serving a surprise suspension for Game 7 against the Thunder. Now Randolph must turn his attention to the the offseason and his player option for the 2014/15 season. His salary is set to drop from $18.2MM to $16.9MM if he picks up the option, a decrease that was ratified despite going against CBA rules per Mark Deeks of ShamSports.com.

Despite shooting under 40% in the playoffs, his inside presence helped Memphis impose its physical style on the Thunder and push the No. 2 seed to the brink of an upset. After missing half of the 2011/12 season due to injury, and scoring well below his career average last year, Randolph returned to form when the Grizzlies desperately needed him to, having lost star center Marc Gasol to injury for a significant chunk of this season. Randolph led Memphis in scoring for the playoffs at 18.2 PPG, and he averaged a double-double in the regular season.

The Raymond Brothers client hasn’t discussed his future with team management, but Randolph and the Grizzlies have mutual interest in him remaining in Memphis for the remainder of his career. Randolph is one of the only great post scorers in a league that has become more perimeter-oriented, even among frontcourt players. The Memphis front office is more driven by advanced stats than most around the NBA, so the continued presence of a player with Randolph’s skill set and age hasn’t always been a foregone conclusion. The Grizzlies denied rumors that they were looking to trade the power forward earlier this season, but Randolph expressed disappointment in the perceived lack of loyalty from the team.

While few teams have a frontcourt scorer as sturdy as Randolph, there isn’t an abundance of teams that seem to be in a position to target the big man. Many clubs with significant cap space are invested in young power forwards, and adding a piece like Randolph could stunt their development. Examples of this include the Bucks and John Henson, the Magic and Tobias Harris, and the Jazz and Derrick Favors. Toronto reportedly showed interest in Randolph this winter, and if the Raptors believe they can contend in the Eastern Conference by building around their core, adding a proven veteran of Randolph’s abilities would make sense. It would probably mean clearing Amir Johnson‘s salary via trade, and Johnson is a productive big on an affordable contract, but pairing Randolph with Jonas Valanciunas would be an intriguing move. The Pelicans were rumored to have light interest in Randolph as well. If New Orleans wasn’t confident in Ryan Anderson‘s return to form following a scary neck injury that cost him most of last season, Randolph could play alongside Anthony Davis.

Randolph could also become a fallback signing for teams that either strike out on their primary targets in free agency or want to offer a one-year deal around the value of Randolph’s option for next season to preserve max money for 2015. The Mavs have pursued a similar strategy in the past, and I could see the Lakers keeping their sights set on 2015 while adding a piece like Randolph in the meantime. It would be tough for Randolph, who turns 33 this summer, to pass on locking in long-term money while his market value is still relatively high, but the right team and the right salary might make him think about it. Randolph mentioned the Lakers earlier this season when he spoke of teams that had shown loyalty, a virtue he hoped the Grizzlies would espouse.

Randolph’s market value is believed to be in the three-year, $30-35MM range. A 13-year veteran who has logged as many bruising minutes as Randolph would seem a risky player to sign for multiple years at over $10MM in annual salary. Al Jefferson, three years Randolph’s junior, inked a three-year, $40.5MM contract last summer. Jefferson has superior offensive prowess at this point, but he’s also a greater liability on the defensive end. The fact that Z-Bo hasn’t built his game on athleticism — Randolph barely jumps when putting up his shot — mitigates some risk of a sudden decline in ability. Randolph relies heavily on strength and craftiness, elements that won’t evaporate overnight.

Randolph’s next contract will likely be his last extended deal as one of the league’s top earners, and it would make sense for him to pursue it sooner rather than later, especially since he’s facing a pay decrease on his option anyway. While Memphis wants to keep Randolph, it will still be interesting to see if the Grizzlies value him as much as they do other players on the market should he decline his option. Randolph came in ninth on our latest Free Agent Power Rankings, but he could find that player pool less crowded once free agency begins. Seven of the players ahead of him on that list can remain with their teams either through option clauses or restricted free agency. If the market dries up and Randolph stands as one of the few premier players available, teams with cap space might be able to pry him away from the city he has thrived in for the last five years.

Stein On Grizzlies Offseason

May 4th, 2014 at 12:25pm CST by Eddie Scarito

The Grizzlies lost to the Thunder last night by a score of 120-109 which eliminated them from the playoffs. Marc Stein of ESPN.com looks at a number of the offseason issues that Memphis faces. Here are some of the highlights from his article:

The Grizzlies still aren’t sure whether or not Zach Randolph will exercise his $16.5MM player option for next season, notes Stein. Randolph has said for much of the season that, at 32, he hasn’t quite worked out whether it’s best to opt out now to hit the open market in July or put off free agency for one more summer, according to the article.
Stein notes that the general sense around the team is that the Grizzlies want to keep Randolph, but at a friendlier price point. A three-year deal worth $30MM to $35MM is believed to be Randolph’s market price.
One of the team’s offseason priorities should be to acquire a shooter to play in the backcourt next to Mike Conley, opines Stein.
Another question for the team, notes Stein, involves what to do with Ed Davis, who is set to become a restricted free agent this summer. The inconsistent playing time Davis received in his first full season in Memphis would suggest that there is some uncertainty within the organization whether or not he factors into their long term plans. In 63 games this season, Davis averaged 5.7 PPG, 4.1 RPG, and 0.4 APG in 15.2 minutes per contest. The Grizzlies will have the opportunity to match any offer that Davis receives.

Southwest Notes: Rockets, Randolph, Pelicans

April 14th, 2014 at 9:04pm CST by Zachary Links

Tonight’s look at the Southwest Division..

The Rockets announced (on Twitter) that Isaiah Canaan and Robert Covington have been assigned the club’s affiliate in Reno Grande Valley. Both players are extremely familiar with the Vipers.
Zach Randolph reiterates his desire to remain with the Grizzlies for the rest of his career, though he adds in his interview with Marc Stein of ESPN.com that he hasn’t had any talks with team management as a decision on his player option for next season looms (video link).
The Pelicans‘ late-season release of Greg Stiemsma is an embarrassment, opines Jimmy Smith of the Times-Picayune. New Orleans signed veteran journeyman Melvin Ely in his stead.