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Bulls pick up third-year option Tony Snell

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Caylor Arnold-USA TODAY Sports

As a first-round pick, the Bulls had until 10/31 to do this.

(via)

It's rare, but not unprecedented, for teams not to pick up this option. Being drafted so low, Snell's deal is so inexpensive ($1.5m for that season) that it would've been a pretty big surprise if the Bulls didn't do this. So though Snell appears out of the rotation for now, they're not giving up on him to that degree just yet.

And hey, it can be used as leverage against Jimmy Butler in his extension talks. Or no?