Chicago Bulls guard Kirk Hinrich has exercised his player option worth $2.8 million to return next season, league sources told RealGM.

Hinrich, 34, has spent 10 of his 12 NBA seasons with the Bulls. He re-signed with the Bulls on a two-year contract last offseason.

In 66 games last season, Hinrich averaged 5.7 points, 2.2 assists and 1.8 rebounds while shooting 34.5 percent from three-point land. The Bulls have long valued Hinrich’s defense, ball handling and offensive structure.

Hinrich has averaged 11.4 points and five assists per game in his career.