The Chicago Bulls have exercised the third-year option for the 2015-16 season for guard Tony Snell. 

By exercising Snell’s option, he will be under contract with the Bulls for the 2015-16 season. 

Snell (6-7, 200), appeared in 77 games (12 starts) during his rookie campaign and posted averages of 4.5 ppg and 1.6 rpg in 16.0 mpg.