Valanciunas (ankle) is planning to decline his $17.6 million player option for 2019-20 with the primary intention of negotiating a new deal with the Grizzlies, Adrian Wojnarowski of ESPN reports.

Last week, Valanciunas noted that whom the Grizzlies hire as their head coach will be a "huge factor" in determining whether or not he exercises his player option. While Valanciunas declined his player option in the wake of Memphis hiring Taylor Jenkins on Wednesday, the center apparently prefers to stay with the Grizzlies after enjoying tremendous success in his limited action with the club. After Toronto dealt him to Memphis in February, Valanciunas started in 17 of his 19 appearances, averaging 19.9 points, 10.7 rebounds, 2.2 assists and 1.6 blocks across 27.7 minutes.

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