Philadelphia 76ers President and General Manager Ed Stefanski announced today that the team has exercised the third-year options on the contracts of Jason Smith and Thaddeus Young.

Young (6-8, 220) was selected with the 12th overall pick by Philadelphia in the 2007 NBA Draft.  In 74 games with 22 starts last season, he averaged 8.2 points, 4.2 rebounds and 0.99 steals in 21.0 minutes per game.  He had the highest field goal percentage (53.9%) of any rookie qualifier and was named to the NBA T-Mobile All-Rookie Second Team.

Smith (7-0, 240) was originally selected by Miami with the 20th overall pick in the 2007 NBA Draft before the Sixers acquired him in exchange for the rights to Daequan Cook (21st overall pick), a future second round pick and cash considerations.  In 76 games with one start last season, Smith averaged 4.5 points and 3.0 rebounds in 14.6 minutes per game.