Steve Nash told the Suns over the weekend that he will accept a two-year extension worth an estimated $22 million, according to team sources.

Nash is expected to formally announce the decision on his Twitter feed at some point on Monday.

Phoenix offered Nash a two-year, $20 million extension two weeks ago, then increased the offer during a meeting in Las Vegas last week.

The agreement means he's under contract with the Suns through the 2011-12 season.