Cavs Exercise Options On Irving, Thompson

October 19 2012 at 1:47pm CDT By Luke Adams

The Cavaliers have officially picked up their 2013/14 options on Kyrie Irving and Tristan Thompson, the team announced today in a press release. Both Irving and Thompson are currently heading into their sophomore seasons, so the Cavs will have an additional team option on both players in 2014/15.

Considering both Irving and Thompson were top-five picks in 2011, with Irving earning Rookie of the Year honors last season, exercising their third-year options was a formality for the Cavs. Irving is now slated to make a guaranteed $5.61MM in 2013/14, while Thompson will earn about $4.06MM.

Be sure to check out Hoops Rumors' option tracker to follow which rookie-scale players have had their 2013/14 options picked up so far this offseason.

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