Report: VanVleet to sign new 2-year, $50M deal with Rockets

Fred VanVleet is signing a new two-year, $50-million deal with the Houston Rockets, sources told ESPN's Shams Charania.

The Rockets are declining the guard's $44.9-million team option from his previous contract to facilitate the deal, Charania adds. VanVleet's new pact reportedly includes a player option for the 2026-27 season.

The 31-year-old averaged 14.1 points, 5.6 assists, and 3.7 rebounds in 60 regular-season games in 2024-25. VanVleet helped guide Houston to its first postseason appearance since 2020, as the club secured the No. 2 seed in the Western Conference with a 52-30 record.

VanVleet upped his production in the postseason, tallying 18.7 points, 4.4 assists, and 4.1 rebounds in the Rockets' seven-game opening-round series loss to the Golden State Warriors.

The eight-year veteran earned an All-Star nod in 2022 with the Toronto Raptors. VanVleet inked a three-year, $128.5-million deal with Houston during the 2023 offseason.