The Milwaukee Bucks have exercised the third-year contract option on guard Rashad Vaughn, General Manager John Hammond announced today.

Vaughn, 20, appeared in 70 games (six starts) during his rookie campaign and averaged 3.1 points and 1.3 rebounds in 14.3 minutes per contest. He scored two points and one rebound in the Bucks’ season opener vs. Charlotte on Oct. 26.

Under the terms of the NBA’s current collective bargaining agreement, the first two years of a first round draft pick’s contract are guaranteed, while the third and fourth year of the contract are the team’s option