The Cleveland Cavaliers have exercised the third-year contract options on guard Kyrie Irving and forward/center Tristan Thompson, Cavaliers General Manager Chris Grant announced today from Cleveland Clinic Courts.

The reigning Rookie of the Year, Irving, appeared in 51 games (all starts) in 2011-12, averaging 18.5 points on .469 shooting, 3.7 rebounds, 5.4 assists and 1.1 steals in 30.5 minutes per game.

Thompson played in 60 games (25 starts) and averaged 8.2 points, 6.5 rebounds and 1.0 block in 23.7 minutes per game on his way to being named to the All-Rookie Second Team.

via NBA.com