Derrick Williams

Derrick Williams’ $6.3 million option for 2014-15 will be exercised, Wolves owner Glen Taylor confirmed to 1500ESPN.com contributor Darren Wolfson.

Williams’ future with the Minnesota Timberwolves has been a lingering storyline throughout the preseason. For now, at least one question surrounding Williams has been answered.

The former 2011 No. 2 overall draft pick is on tap to make just more than $5 million this season. His seven-figure raise next year will put the Wolves very close to the league’s luxury tax.

Reported by Nate Sandell and Darren Wolfson of 1500ESPN.com