Raptors exercise team options on Valanciunas and Ross

The Toronto Raptors announced Monday they have exercised the fourth-year team options on the Rookie Scale Contracts of centre Jonas Valanciunas and forward-guard Terrence Ross.

The contracts for Valanciunas and Ross are now guaranteed through the 2015-16 season. In accordance with the league’s Collective Bargaining Agreement, the Raptors had until October 31 to exercise their option on both players.