The Toronto Raptors announced Thursday they have exercised the third year team option on the Rookie Scale Contract of guard-forward DeMar DeRozan. DeRozan is now guaranteed through the 2011-12 season. In accordance with the league’s collective bargaining agreement, the Raptors had until October 31 to exercise their option on DeRozan. Per team policy, financial terms of the deal were not disclosed. DeRozan, 6-foot-7, 220 pounds, was the ninth overall pick by Toronto in the 2009 NBA Draft out of the University of Southern California. http://www.nba.com/raptors/news/derozan_option_093010.html
