The Indiana Pacers announced Monday they have picked up the options on Darren Collison and Tyler Hansbrough’s contracts. Per club policy no details of the contracts are released.

Collison, a second-year player out of UCLA, was traded to the Pacers on Aug. 11 from New Orleans.  Last year for the Hornets, he averaged 12.4 points and 5.7 assists per game.

Hansbrough, the 13th overall pick in the 2009 NBA Draft, played in 29 games for the Pacers during the 2009-10 season and averaged 8.5 points and 4.8 rebounds per game.

“Darren and Tyler are key components of our team’s young core,” said Larry Bird, Pacers President of Basketball Operations. “They both have bright potential and we’re excited to have them as part of our future.”

Feb. 28, 2010: New Orleans Hornets guard Darren Collison tied his season high with 35 points during an NBA game between the New Orleans Hornets and the Dallas Mavericks at the American Airlines Center in Dallas, TX Dallas defeated New Orleans 108-100.