The Minnesota Timberwolves today announced that the team has exercised the third-year option on guard Randy Foye and the fourth-year option on guard Rashad McCants.

"We expect both Randy and Rashad to be a big part of our future," said Timberwolves' Vice President of Basketball Operations Kevin McHale. "Randy is coming off of a season in which he was named to the NBA All-Rookie First Team and showed he has the talent to be a very good NBA player. Rashad has worked extremely hard over the past year to return from injury and continues to improve every day. We believe that he will return to the form he showed the second half of his rookie season. Both of these guys are key pieces to the young core of players we are building around."