Charlotte Bobcats forward Boris Diaw has exercised his player option for next season that will pay him $9 million.
Agent Doug Neustadt said Tuesday they informed the Bobcats of the decision earlier this week.
Diaw said after the season that with the potential labor uncertainty this summer, it was a "no-brainer" to pick up the option and avoid becoming a free agent until 2012.
The move comes after owner Michael Jordan criticized Diaw's play in the 2010-11 NBA season. Diaw, who was nearly traded twice last season, could be a potential target to be moved as Jordan seeks to revamp Charlotte's roster.
Diaw, 29, averaged 11.3 point and 5 rebounds last season.
Raptors hire Casey: Dwane Casey hopes to bring a rugged, NHL-style of defense to his newest job in the NBA.
The Toronto Raptors hired Casey as their coach on Tuesday, nine days after the Dallas assistant helped the Mavericks win the championship.
Casey succeeds Jay Triano, a Canadian who became a consultant after the Raptors finished 22-60. Casey was the coach of the Minnesota Timberwolves from June 2005 to January 2007, compiling a 43-59 record.
Owners propose "flex cap": Commissioner David Stern said Tuesday that NBA owners have proposed a "flex cap" system in negotiations with players.
The union insists it's still a hard cap, leaving the salary cap as perhaps the biggest remaining obstacle in avoiding a lockout.
Both sides made new proposals in a 31/2-hour meeting on what Stern said was an important day in the league's labor talks.