Hornets Exercise 2020/21 Options On Monk, Bridges

The Hornets have picked up their rookie scale team options for 2020/21 on guard Malik Monk and forward Miles Bridges, tweets Rick Bonnell of The Charlotte Observer. It’s Monk’s fourth-year option and Bridges’ third-year option.

[RELATED: Decisions On 2020/21 Rookie Scale Team Options]

Monk, the 11th overall pick in the 2017 draft, has yet to have the same kind of success at the NBA level that he did at Kentucky, averaging just 7.9 PPG on .377/.336/.871 shooting in 137 career games. He’s still just 21 years old though, and his 2020/21 option of $5,345,687 isn’t a major investment for the rebuilding Hornets. Monk will be eligible for a rookie scale extension 2020 and would be a restricted free agent in 2021 without a new deal.

Bridges, 21, was the 12th overall pick in the 2018 draft. In his rookie season, he averaged 7.5 PPG and 4.0 RPG in 80 games (21.2 MPG). He’ll likely play a key role for the team this season and is now locked in for $3,934,320 in 2020/21. The Hornets will have to make a decision on his 2021/22 team option by October 31, 2020.

Even with Monk and Bridges now on guaranteed salaries for ’20/21, the Hornets should be one of the few teams with a decent chunk of cap room available next summer. Currently, the club has approximately $76.3MM in guarantees on its books for next year, counting Nicolas Batum‘s $27MM+ player option.