Brendan Maloy
Tuesday October 8th, 2013

Norris Cole's '14-'15 optionhas been picked up by the Miami Heat. Norris Cole's impressive play in the past two seasons has led to the Heat's exercising their team option on his contract. (Nathaniel S. Butler/National Basketball)

The Miami Heat have exercised their team option on Norris Cole's contract for the 2014-15 season, the Sun Sentinel's Ira Winderman reported.

The Heat had until the end of October to make a decision on the $2-million option for the third-year point guard out of Cleveland State. Cole has impressed in limited playing time over the last two seasons, including contributing in big playoff wins during the Heat's back-to-back championship campaigns.

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Cole is scheduled to make just over $1 million this season before the one-year club option begins.

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