The Timberwolves have officially announced a pair of moves that won't surprise anyone. Minnesota has exercised its third-year contract options on Ricky Rubio and Derrick Williams, according to the team (Twitter link).
Despite Williams' underwhelming rookie season, the second overall pick's 2013/14 option, worth about $5.02MM, was a lock to be exercised. The same goes for Rubio's $4MM option. Both players will have one more team option on their deals before becoming extension-eligible in 2014 or restricted free agents in 2015.
Rubio continues to rehab an ACL injury that sidelined him for a good chunk of last season, and the point guard isn't expected to be ready to return until at least December. Williams, meanwhile, should get a chance to earn increased minutes early in the season, as starting power forward Kevin Love recovers from a broken hand.