The Associated Press reports that the New Jersey Nets have exercised the team option on Kenyon Martin?s contract. In doing so, he will remain in New Jersey for the next two seasons.

Martin, a 6-foot-9 forward, was the Nets' leading scorer and played a key role in leading the Eastern Conference champions to their best NBA season ever. New Jersey had until Oct. 31 to exercise its option on Martin's contract but didn't need the time. "He is a vital component of our team," Nets president and general manager Rod Thorn said.