Saturday , Sep , 20 , 2008 C.Y. Ellis

Grizzlies Back out of Zach Randolph Deal

For the second time in this offseason, trade discussions involving Zach Randolph have failed to come to fruition.

Knicks president Donnie Walsh was most recently engaged in talks with the Memphis Grizzlies, but multiple sources told Newsday that the Grizzlies have since reconsidered and decided to pass on Randolph. Walsh is still looking to find ways to shed Randolph’s hefty contract, which has three years and $48 million left on it, but for now it appears that the 6-9 forward likely will remain a Knick when training camp opens in 11 days.

Last month, Walsh and Grizzlies general manager Chris Wallace discussed a deal that would have sent Randolph to Memphis in exchange for center Darko Milicic and swingman Marko Jaric. The Grizzlies, however, also wanted Walsh to give up a first-round pick in the deal.