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The Trail Blazers exercised their fourth-year team option on Sharpe (shoulder) on Saturday, Keith Smith of Spotrac.com reports.

Sharpe suffered a small posterior labral tear in his left shoulder that is expected to keep him sidelined a few weeks into the regular season. Still, his option being picked up indicates Portland views him in its plans going forward. When healthy, he is expected to provide depth on the wing this season.

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