Raptors exercise options on Valanciunas, Ross

TORONTO -- The Toronto Raptors exercised third-year team options Thursday on the entry-level contracts of center Jonas Valanciunas and guard Terrence Ross, extending them through the 2014-15 season.

The Raptors had until next Thursday to exercise their options on both players.

The 7-foot Valanciunas, from Lithuania, joined the Raptors after being selected fifth overall in the 2011 draft and spending the 2011-12 season playing overseas. He averaged 8.9 points last season.

The 6-foot-7 Ross was selected eighth overall in 2012. He averaged 6.4 points last season and won the dunk competition at the All-Star game.