Report: Rockets G Fred VanVleet signing 2-year, $50M deal

Houston guard Fred VanVleet will sign a two-year, $50 million contract to remain with the Rockets, ESPN reported on Wednesday.

In conjunction with the new deal, the Rockets are declining the $44.9 million team option in VanVleet's contract for the 2025-26 season.

VanVleet, 31, has played the past two seasons in Houston following seven seasons in Toronto, where he captured an NBA title in 2018-19 and made the All-Star team in 2021-22.

VanVleet averaged 14.1 points, 5.6 assists, 3.7 rebounds and 1.6 steals in 60 games (all starts) for the Rockets this season. He finished third on the team with 159 3-point buckets as Houston ended a four-year playoff drought.

Undrafted in 2016 out of Wichita State, VanVleet has averaged 14.9 points, 5.7 assists, 3.4 rebounds and 1.4 steals in 550 career games (401 starts).