Free agent guard Fred VanVleet has agreed on a three-year, $130 million contract with the Houston Rockets, Klutch Sports CEO Rich Paul and agent Erika Ruiz told ESPN's Adrian Wojnarowski.
VanVleet turned down a $22.8 million player option with the Toronto Raptors for next season after averaging 19.3 points, 7.2 assists and 1.8 steals, continuing a strong run of play since he became a full-time starter in 2019-20.
It was his third straight season averaging at least 19 points and his fourth straight averaging six assists.