The Oklahoma City Thunder have exercised their $1.5 million team option on Jerami Grant.

The Thunder could have declined Grant's option and he would have become a restricted free agent. Grant will become an unrestricted free agent in 2018.

The Thunder acquired Grant from the Philadelphia 76ers for Ersan Ilyasova and a future first round pick (top-20 protected) at the start of the 16-17 season.

Grant averaged 5.5 points and 2.6 rebounds in 19.1 minutes per game in his third NBA season.