A week before the decision deadline, the Toronto Raptors exercised the third-year options on the rookie-level contracts of center Jonas Valanciunas and guard Terrence Ross.
The team did not release the financial terms of the deals.
Valanciunas, 21, is coming off a season in which he made the All-NBA Rookie Second Team. He averaged 8.9 points and six rebounds per game in 2012-13. Valanciunas was selected with the fifth overall pick in the 2011 draft, then played the following season with a team in his native Lithuania before joining the Raptors.
Valanciunas was selected the NBA Summer League MVP this year, when he averaged 18.8 points and 10 rebounds in four games.
Ross, 22, gained fame last season by winning the dunk contest during All-Star Weekend. He averaged 6.4 points, two rebounds and 0.7 assists while playing 17 minutes per game last season. During the current preseason, he is averaging 12 points per game.