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Brooklyn Nets exercise third-year contract option on MarShon Brooks

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Jim O'Connor-US PRESSWIRE

The Nets announced Friday afternoon that they have exercised the third-year contract option on guard MarShon Brooks. Brooks is entering his second season, but the Nets had until the end of the month to exercise their rookie-scale option on his third year. As a first-round pick, he has an additional option year after that.

Because Brooks is the only second or third-year player on the team, the Nets have no other options they have to decide on before Oct. 31. Brooks will earn $1,210,080 in 2013-14.