Point guard Fred VanVleet signed a landmark three-year, $130 million contract with the Rockets, scheduled to land in Houston. Rockets According to multiple reports, Friday
VanVleet opted out of the final year of his contract with the Toronto Raptors to enter free agency and emerged as one of the biggest winners in the hours of licensing talks with suitors. Free agency contracts don’t take effect until July 6.
Houston has lost 122 games over the past two seasons, Rockets $62 million expected to enter free agency under new salary cap
VanVleet, 29, was an undrafted pick from Wichita State, a member of the 2019 NBA champion Raptors and an All-Star in 2022. His contract, reportedly worth $43.3 million per season, is also the first NBA mega-signing this summer, which would be a record for an undrafted player.
VanVleet’s option year with the Raptors will pay him $22.8 million through 2023-24.
Since joining the Raptors in July 2016, VanVleet has averaged 14.6 points, 5.3 assists and 3.3 rebounds in 417 games (268 starts).
— On-site media