The New Jersey Nets have exercised the fourth year contract option on Brook Lopez and the third year contract option on Terrence Williams, Nets General Manager Billy King announced today.  Lopez and Williams are now signed through the 2011-12 season.  Per team policy, terms of the contracts were not released.

Lopez was selected 10th overall by the Nets in the first round of the 2008 NBA Draft.  Last season he was the only Net to appear and start in all 82 games, becoming the first center in franchise history to do so.  He averaged team-highs with 18.8 points, 8.6 rebounds and 1.70 blocks (ranked 10th in the NBA) and dished out 2.3 assists in 36.9 minutes per game, while shooting .499 (563-1,129) from the field and .817 (416-509) from the line (3rd among qualified centers).  In his rookie season, 2008-09, he was selected to NBA All-Rookie First Team and finished third in the NBA Rookie of the Year voting (Derrick Rose, O.J. Mayo).  He also set the Nets all-time rookie blocks record with 151.

Williams was selected 11th overall by New Jersey in the first round of the 2009 NBA Draft.  The Louisville product appeared in 78 games for New Jersey last season, earning nine starts.  He finished 5th among rookies in double-doubles with eight and 9th among rookies in rebounds and assists, while earning Eastern Conference Rookie of the Month honors for April.  Williams averaged 8.4 points while shooting .401 (261-651) from the field, along with 4.5 rebounds and 2.9 assists in 22.6 minutes per game.

MOSCOW, RUSSIA. OCTOBER 10. 2010. New Jersey Nets Brook Lopez attends the opening of the first NBA store NBA Shop in Shop in Russia, Moscow. (Photo ITAR-TASS / Alexei Filippov) Photo via Newscom