Fred VanVleet became one of the big marquee names to jump ship on the first day of the 2023 NBA free agency. VanVleet signed a massive 3-year, $130 million contract with the Houston Rockets. VanVleet got a payday, and in the process, made a little bit of history, surprisingly, for the second time in his career.
Fred VanVleet’s $130 million contract with the Houston Rockets is the most expensive contract for an undrafted player in NBA history. VanVleet had actually set the record himself in the past, as he signed a 4-year, $85 million contract with the Raptors in 2020, which was the highest-paying contract for an undrafted player at the time.
Fred VanVleet's $130M contract is the largest for an undrafted player in NBA history. pic.twitter.com/jMqQuO2er9
— ESPN Insights (@ESPNInsights) July 1, 2023
VanVleet has already had a stellar career so far. VanVleet is a former All-Star and a former NBA champion with the Raptors. He will bring championship experience and a solid skillset to a young Houston Rockets squad who will be looking to set a culture and get to winning ways under new head coach Ime Udoka.
Fred VanVleet Will Make $43 Million A Season, More Than His Career FG Percentage
Funnily enough, an interesting statistic unveiled itself when VanVleet signed his contract. VanVleet will make roughly $43.3 million a season from his new contract with the Rockets. This amount is actually less than his career field goal percentage, which sits at 40.2% for his career.
A lot of fans were actually not impressed with VanVleet’s signing for the Rockets, calling it one of the biggest overpays ‘of the millenium’. While VanVleet is not a superstar like his contract would suggest, he can be a solid scoring option for the young Rockets while also being a culture setter for Ime Udoka’s squad.
VanVleet averaged 19.3 points, 7.2 assists, and 4.1 rebounds last season. And while the Raptors’ season was a disappointment, he showed that he can be a consistent and solid scorer for a team, which is probably why the Rockets were willing to spend money on the undersized guard.
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