The AP reports:

Boris Diaw

Charlotte Bobcats forward Boris Diaw has exercised his player option for next season that will pay him $9 million.

Agent Doug Neustadt said Tuesday they informed the Bobcats of the decision earlier this week.

Diaw said after the season that with the potential labor uncertainty this summer, it was a “no-brainer” to pick up the option and avoid becoming a free agent until 2012.