Report: Hornets' Williams exercises $15M player option

LOS ANGELES, CA - MARCH 29: Marvin Williams #2 of the Charlotte Hornets shoots the ball during the game against the Los Angeles Lakers on March 29, 2019 at STAPLES Center in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE
Andrew D. Bernstein / National Basketball Association / Getty

Marvin Williams has exercised his $15-million player option to remain with the Charlotte Hornets for the 2019-20 campaign, league sources told ESPN's Adrian Wojnarowski.

The veteran forward averaged 10.1 points, 5.4 rebounds, 1.2 assists, 0.9 steals, and 0.8 blocks per game last season, his fifth in Charlotte.

The soon-to-be 33-year-old is set to be the third-highest-paid player on the roster following Nicolas Batum ($25.6 million) and Bismack Biyombo ($17 million). That does not account for the possibility of re-signing All-Star point guard Kemba Walker, who will hit unrestricted free agency this summer.

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