New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that the team has exercised fourth-year options on forwards Danilo Gallinari and Anthony Randolph, as well as its third-year option on guard Toney Douglas.

Gallinari, 6-10, 224-pounds, has averaged 12.8 points and 4.2 rebounds in 109 games (76 starts) over his first two NBA seasons. Originally selected by New York with the sixth overall pick in the 2008 NBA Draft, Gallinari was selected to play in the T-Mobile Rookie Challenge and compete in the Foot Locker Three-Point Contest at 2010 NBA All-Star Weekend in Dallas last season.

Randolph, 6-11, 225-pounds, has averaged 9.2 points and 6.0 rebounds in 96 games over his first two NBA seasons with the Golden State Warriors. Originally selected by the Warriors with the 14th overall selection in the 2008 NBA Draft following his freshman season at Louisiana State University, Randolph was acquired by New York, along with Kelenna Azubuike and Ronny Turiaf, from Golden State in exchange for David Lee on Jul. 9, 2010.

Douglas, 6-2, 185-pounds, averaged 8.6 points, 2.0 assists and 19.4 minutes in 56 games during his rookie campaign with New York in 2009-10. The Jonesboro, GA-native was selected by the L.A. Lakers in the first round (29th overall) in the 2009 NBA Draft and had his draft rights traded to New York in exchange for cash considerations on draft night, Jun. 25, 2009.