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Chicago Bulls exercise third-year option on Doug McDermott

McDermott will be under contract with the Bulls through at least 2016-17.

Steven Branscombe-USA TODAY Sports

Former Creighton Bluejay Doug McDermott will be in Chicago for at least one more season following this one, as the team announced they had picked up his third-year option.

McDermott, who finished his career at Creighton fifth on the NCAA's all-time scoring list, has averaged 3.3 points per game thus far in 38 career games with the Chicago Bulls.