Jordan McRae, Ramon Sessions

Cleveland Cavaliers'Jordan McRae (12) will have his option for the 2016-17 campaign picked up.

(Tony Dejak, AP)

CLEVELAND, Ohio. - The Cleveland Cavaliers will exercise their 2016-17 team option on guard Jordan McRae, league sources informed cleveland.com.

McRae's salary will be at a shade under $1 million guaranteed. The organization faced a deadline of June 29 to either allow the 25-year-old guard to walk in free agency this off-season or pick up his option.

This move illustrates that the Cavaliers are invested in the development of McRae. The world champs inked the guard to a 10-day contract in late February and with strong practice showings and work ethic, he parlayed that into a two-year deal.

In the regular season finale, McRae erupted for a career-high 36 points against the Detroit Pistons. A month prior while playing for the Delaware 87ers of the NBA Development League, he went for a then single-game record of 61 points.

Days before McRae was picked up by the Cavaliers, he asked his agents Jim Tanner and Derrick Powell of Tandem Sports + Entertainment to pursue an overseas deal. His representatives told him to hang in there.

"Waiting was the best thing that ever happened to me," McRae told cleveland.com. "I would have missed out on this championship. I'm so blessed."

The San Antonio Spurs selected McRae out of Tennessee with the 58th pick in the 2014 draft, but was traded on draft night to the Philadelphia 76ers.

In 15 appearances for the Cavaliers, he posted numbers of 4.1 points and shot 64 percent from long distance.