The Bucks have exercised their third-year option on guard Brandon Jennings, GM John Hammond announced today.

Jennings started all 82 games for the Bucks in 2009-10, helping them to a 46-36 record (their most wins since a 50-32 mark in 2000-01) and their first playoff appearance since 2006. The 10th overall selection in the 2009 NBA Draft finished third among rookies with 15.5 points, 5.7 assists and 1.3 steals to go with 3.4 rebounds. He hit 37.4 percent (145-388) of his three-pointers and sank 81.7 percent (223-273) of his free throws in a rookie season that saw him set franchise rookie records in assists (470) and three-pointers made (145).