The Wolves will pick up Derrick Williams' $6.3 million contract option for 2014-15 and do the same with Ricky Rubio's $5 million option as well, a team source confirms.
The decision on Rubio's contract before next week's season opener is nothing but a formality. The Williams' decision pretty much was one, too, despite all the Internet chatter whether they'd really commit to another contract that could leave them fairly handcuffed right near the luxury tax.
By picking up the Williams option, the Wolves could just be limited to the mid-level exception next summer to make moves under the cap, unless they make other transactions to cut payroll.