VanVleet’s new deal gives the Rockets flexibility over the next year and gives him the opportunity to enter the 2026 free agency market where there will be more salary cap space for teams. Both sides believe in a partnership for years to come beyond the two years, sources said.

Houston Rockets guard Fred VanVleet intends to sign a two-year, $50 million contract to stay with the franchise, with a player option in 2026-27, sources tell ESPN. This extension solidifies the Rockets’ direction,

Houston Rockets veteran guard Fred VanVleet intends to sign a two-year, $50 million contract to remain in Houston, with a player option in the second season. The Rockets are slated to decline VanVleet’s $44.9 million team option for next season to implement the new two-year deal.