The National Basketball Association announced tonight that the Washington Wizards received the first overall pick in the 2010 Draft during tonight’s Draft Lottery in Secaucus, NJ.

“This is a great night for our franchise and particularly for our fans,” said Wizards President Ernie Grunfeld. “They have shown great support and passion during what has been a difficult stretch over the last two seasons, but they can celebrate tonight knowing that we’ve taken a big step towards building the team that they deserve.”

The Wizards, who had a 10.3% chance of landing the first pick in tonight’s Draft Lottery, have held the number one overall pick twice before in franchise history. They chose Walt Bellamy number one in 1961 and Kwame Brown with the top pick in 2001.

In addition to the number one pick, the Wizards own Cleveland’s first round selection (30th overall) as a result of a three-team deal on Feb. 17 and hold their own second round pick (35th overall).

Washington is totally rebuilding, and chances are they’ll go make John Wall the first overall selection.

The Philadelphia 76ers are likely to take Evan Turner second, playing him alongside Andre Iguodala.

At third, the Nets will probably go for a power forward. There are several good candidates worthy of going that high up.

Complete 2010 NBA Draft Lottery results are here.

The Cleveland Cavaliers have exercised the team option on forward Leon Powe, Cavaliers General Manager Danny Ferry announced today from Cleveland Clinic Courts. Per league and team policy, terms of the contract were not announced.

In returning from a knee-injury that kept him out of action for the first half of the 2009-10 season, Powe returned to the court and played in 20 games (two starts), averaging 4.0 points on .429 shooting and 3.1 rebounds in 11.8 minutes per game. In 209 career games (16 starts), Powe has averaged 6.3 points on .517 shooting and 4.1 rebounds in 14.4 minutes per game.

“Leon has worked hard to rehab and get himself back on the court this past season. Now he has a full summer to continue working, play more basketball and come back to start next season better than ever,” said Cavaliers General Manager Danny Ferry.

The 6-foot-8 forward was selected by the Denver Nuggets with the 49th overall draft pick in the 2006 NBA Draft and traded for by Boston on draft night. He signed with the Cavaliers as a free agent on August 12, 2009. In 2005-06, Powe led the PAC-10 in scoring (20.5 points per game) and rebounding (10.1 rebounds per game) at California, becoming only the sixth player in conference history to accomplish the feat while earning All-PAC-10 honors.

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