The Warriors announced Friday the team has exercised the fourth-year contract option on guard Klay Thompson and the third-year contract options on forward Harrison Barnes and center Festus Ezeli, which are all for the 2014-15 NBA season.

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. The Warriors selected Thompson with the 11th overall pick in the 2011 NBA Draft and selected Barnes (7th overall) and Ezeli (30th) in the first round of the 2012 NBA Draft.

Thompson, 23, has appeared in all 148 games (111 starts) over two seasons with the Warriors, averaging 14.8 points, 3.2 rebounds and 2.1 assists in 30.7 minutes per game. Starting all 82 games in 2012-13, Thompson finished third in the NBA with 211 three-pointers and combined with Stephen Curry (272) to hit 483 threes, the most by a pair of teammates in NBA history. In 12 postseason contests, the 6’7” guard averaged 15.2 points and 4.6 rebounds in 41.3 minutes. After only two seasons with the club, Thompson ranks No. 10 in team history with 322 three-point field goals and seventh in three-point field goal percentage (.406).