The Toronto Raptors have exercised the third-year team options on the entry-level contracts of centre Jonas Valanciunas and guard Terrence Ross, extending the deals through the 2014-15 season.
The Raptors had until next Thursday to exercise their option on both players.
A native of Utena, Lithuania, Valanciunas was named to the 2012-13 NBA All-Rookie Second Team after finishing the year ranked 3rd among rookies in rebounds (6.0), blocks (1.26) and field goal percentage (.557).
Ross, a six-foot-seven forward, was selected 8th overall in the 2012 draft. Last season he posted averages of 6.4 points, 2.0 rebounds and 17.0 minutes in 73 games. He won the slam dunk competition at the 2013 All-Star game.