The Milwaukee Bucks have exercised the fourth-year contract option on guard Brandon Jennings (6-1, 169) and the third-year contract option on forward Larry Sanders (6-11, 235), General Manager John Hammond announced on Wednesday.

Jennings, 21, appeared in 63 games (61 starts) last season, averaging a career-high 16.2 points with 4.8 assists, 3.7 rebounds and 1.5 steals in 34.4 minutes per contest. He recorded his first career triple-double (20 points, 10 assists, 10 rebounds) in a 98-88 win over Charlotte on October 30, making him one of just two NBA players (Elgin Baylor) to score 50+ points in a game and have a triple-double in their first 100 NBA games. In his two NBA seasons, Jennings has played in 145 games (143 starts), averaging 15.8 points, 5.3 assists and 3.6 rebounds.

Sanders, 22, played in 60 games (12 starts) last season, averaging 4.3 points, 3.0 rebounds and 1.2 blocks in 14.5 minutes per game. He recorded multiple blocks in 20 games and in just his 13th NBA game, had eight blocks to go along with 14 points and a career-high 10 rebounds against Denver on December 1. His eight blocks tied for the second-highest single game total in the 2010-11 season. Sanders ranked fifth (3.96) in the NBA in blocked shots per 48 minutes (58 or more games played).

Stephen Jackson, the veteran swingman whom the Bucks acquired from Charlotte in a three-team transaction last Thursday, said he wants to play four more seasons, meaning he's seeking a two-year extension from the Bucks that would expire when he is 37 years old.

Is Bucks general manager John Hammond, who has constantly preached about getting the Bucks' financial house in order, be willing to grant a player on the downside of his career an extension?

That remains to be seen. What we won't need to wait on is whether Jackson will remain a happy camper if his contract isn't extended.

When I asked how important an extension was to him, Jackson responded quickly and emphatically, saying, "It's mandatory.''

Last season, the Bucks were the worst interior offensive team, averaging just 35.7 points in the paint per game.

"That has put so much pressure on our perimeter shooting," Bucks coach Scott Skiles said. "Both of those guys (Stephen Jackson and Beno Udrih) are finishing-type players and their numbers show that. And Shaun (Livingston) will go in there around the rim and be creative and finish.

"We're focused, of course, on our perimeter shooting. But we always come back to (what it would mean) if we would shoot a higher percentage around the rim, get some dunks and some easy baskets that other teams get.

"Then you don't have a tendency to overreact to Carlos (Delfino) missing a three. When all the pressure is on your perimeter shooting all the time, it's not a good mix."

Herb Kohl, owner of the Milwaukee Bucks, borrowed at least $55 million last year from the NBA's credit facility, according to his Senate financial disclosure form.

The records also indicate that Kohl used some of the proceeds for investments by two of his trusts. That is allowable under NBA rules for those borrowing from the $2 billion credit facility.

It is not uncommon for NBA owners to borrow from the league's credit facility, largely because of favorable interest rates. A total of 19 teams in the league did just that last year.

The Bucks are the least-valued team in the 30-team league.

The Bucks, Kings and Bobcats have a three-way trade, sources have confirmed.

Milwaukee will acquire Stephen Jackson, Beno Udrih, Shaun Livingston and the 19th overall selection.

Charlotte will acquire the No. 7 overall pick as well as Corey Maggette. They will keep their own pick, the No. 9 overall selection. The Bobcats are now in position to draft Tristan Thompson ahead of the Pistons, who own the No. 8 pick.

Sacramento will acquire the No. 10 overall pick from Milwaukee, as well as John Salmons.

More players may be added to the deal at a later date.

The Milwaukee Bucks are listening to offers for the 10th pick in Thursday's NBA draft and are open to making it part of a bigger deal, league sources say.

The Bucks also would not be opposed to including Corey Maggette in a trade. However, Milwaukee, is looking to upgrade its team, a team source said, and not merely dump salary.

Maggette, who will turn 32 in November, averaged 12 points a game last season.

For the last several days, there have been rumors the Bucks were seriously exploring the possibility of moving back from their No. 10 position in Thursday night's NBA draft.

Bucks general manager John Hammond conceded he's had on-going discussions with several teams but declined to go into details. There has been widespread speculation the Bucks have had in-depth talks with the Houston Rockets, who have two first-round picks -- Nos. 24 and 23 -- and are desperately trying to move up in an attempt to select a much-needed center.

But it appears discussions between the Bucks and Rockets involve more than just exchanging picks. The scuttlebutt is both teams are receptive to swapping players as well.

The teams have tossed around different trade scenarios with Bucks forward Ersan Ilyasova being prominently mentioned.

The Milwaukee Bucks made a qualifying offer to forward Luc Richard Mbah a Moute on Tuesday, a move that will allow them to match any contract offers made by other teams.

Mbah a Moute will be a restricted free agent, but his status could be in limbo if the owners lock out NBA players when the current collective bargaining agreement expires June 30.

In a usual year, Mbah a Moute would be able to receive offers from other teams starting July 1, but that may not be the case, depending on the result of negotiations between players and owners.

Bucks general manager John Hammond told me a few minutes ago that trade rumors circulating about center Andrew Bogut are not accurate.

"There's no truth to any of these false rumors that have been reported," Hammond said.

One report said the Bucks were considering a deal that would send Bogut and their No. 10 pick in Thursday's draft to Minnesota for the No. 2 overall pick.

Hammond said the Bucks "have not" talked with the Timberwolves about a deal.

Marshon Brooks has more than piqued the curiosity of the Milwaukee Bucks.

Brooks, an athletic 6-foot-5 shooting guard from Providence, had a private workout for Bucks officials Sunday in Chicago.

Normally, the Bucks work out their draft prospects at their training facility in St. Francis. But because of a scheduling conflict, the Bucks and Seth Cohen, Brooks' agent, agreed to meet in the Windy City.

The Bucks put Brooks through a 1½ hour workout and came away impressed. Assistant general manager Jeff Weltman and player personnel director Dave Babcock were among the Bucks officials in attendance.

"The Bucks like him a lot,'' Cohen said. "The Bucks are now looking to bring him there (to Milwaukee) for another workout.''