In what should come as no surprise to anyone, the Washington Wizards have exercised rookie-contract options on all six of the players they have that were selected in the 2010 and 2011 NBA Draft. That list includes John Wall, Kevin Seraphin, Jordan Crawford, Trevor Booker, Jan Vesely and Chris Singleton. All six players will be under contract in either the third or fourth year of their rookie deal in 2013-14.
These moves are pretty much a formality across the league. Jake hit the nail on the head here: even if you're not thrilled with the progress of any of those six players, they are still worth their rookie contracts. It doesn't really do the team any good to cut their recent draft picks loose before their rookie contracts run out. The only time we ever see it is when that player has fallen so far out of the rotation that he probably doesn't have a future anywhere else in the league.
Carry on, carry on.