NBA News: Toronto Raptors Exercise Option On DeMar DeRozan

The team held the option to extend DeRozan for a third year at the rookie pay scale.

DeRozan’s deal is now guaranteed through the 2011-12 season. The Raptors had until Oct. 31 to exercise the option.

DeRozan averaged 8.6 points and 2.9 rebounds in 77 games last season. The 6-foot-7, 220-pounder was selected by the Raptors with the ninth overall pick of the 2009 NBA Draft.

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Source: NBA.com Story