The Miami HEAT announced today that they have exercised the third year Player Option on Daequan Cook. Per team policy, terms of the deal were not disclosed.

Cook, a 6’5”, 210-pound guard, has appeared in 59 regular season games (19 starts) and has averaged 8.8 points, 3.0 rebounds, 1.3 assists and 24.4 minutes. Last season, Cook set new HEAT rookie records in both three-point field goals made (79) and attempted (238) while shooting 33.2 percent accuracy from beyond the arc which was the fourth highest single-season percentage for a HEAT rookie. Additionally, Cook ranked among the NBA rookie leaders in three-point field goals made (2nd), three-point field goal attempted (2nd), three-point field goal percentage (3rd), scoring average (8th), minutes per game (10th), assists per game (tied-10th) and rebounds per game (tied-16th).

Cook was originally drafted by the Philadelphia 76ers in the first round (21st overall) of the 2007 NBA Draft. His draft rights were acquired by the HEAT along with Philadelphia’s 2009 second-round draft pick and cash considerations for the draft rights of Jason Smith (20th overall selection) on draft night.