Fred VanVleet is leaving the Toronto Raptors and signing a three-year, $130-million US contract with the Houston Rockets, according to multiple reports.
VanVleet has spent his entire seven-year career with the Raptors after going undrafted in 2016.
It’s the largest contract for an undrafted player in NBA history.
VanVleet was part of the Raptors team that won a championship in 2019 and was named an all-star in 2022.
Free agent G Fred VanVleet has agreed on a three-year, $130 million contract with the Houston Rockets, <a href=”https://twitter.com/KlutchSports?ref_src=twsrc%5Etfw”>@KlutchSports</a> CEO Rich Paul and agent Erika Ruiz tell ESPN. Rockets land ex-Raptors All-Star in his prime at 29 years old. <a href=”https://t.co/B6WwPmLYq1″>pic.twitter.com/B6WwPmLYq1</a>
—@wojespn
The 29-year-old point guard opted out of his $22.8-million player option two weeks ago. The option year was slated to be the last of a four-year, $85-million contract he signed in 2020.
Last season, VanVleet averaged 19.3 points and a career-best 7.2 assists across 69 regular-season games. Toronto finished with a 41-41 record and missed the post-season after a play-in loss to the Chicago Bulls.
The Raptors moved quickly to replace VanVleet, reportedly signing 29-year-old point guard Dennis Schroder to a two-year contract worth $26 million.
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