The Houston Rockets are officially bringing back point guard Fred VanVleet on a new two-year contract worth $50 million, which includes a player option for the 2026–27 season. Houston declined its $44.9 million team option on VanVleet, leading the former Toronto Raptors champion to accept a significant pay cut. VanVleet originally signed with the Rockets in 2023, inking a three-year, $130 million deal—the largest contract ever given to an undrafted player at the time. Since arriving in Houston, he has served as a key veteran presence for the team’s young and developing core.
Now, VanVleet will share the court with newly acquired superstar Kevin Durant, forming a formidable backcourt-frontcourt combination. He is expected to remain a vital component of a Rockets team that now has legitimate championship aspirations.
