The Cavaliers announced today that they have exercised fourth year team options on Kyrie Irving and Tristan Thompson, and third year options on Dion Waiters and Tyler Zeller.
The option for Kyrie Irving is worth $7.46 million dollars for the 2014-2015 season. Tristan Thompson’s option will cost the Cavaliers $5.42 million.
Waiters will earn $4.06 million nest season and Zeller $1.7 million. The Cavaliers now have just under $36.3 million in guaranteed contracts for the 2014-2015 season. Andrew Bynum’s contract is worth $12.54 million additionally if he is on the team after this season.
Irving , Waiters and Zeller were among the 27 NBA players who participated in the three-day USA Basketball minicamp held in Las Vegas July 22-25, while Thompson led the Canadian National Team during the FIBA Americas Championship tournament.