The raptors and Fred Van Vleet appear on track to reach an agreement on a four-year contract extension that could approach $120 million in total value, according to Bleacher Report’s Jake Fischer.
VanVleet, who will be eligible for the extension this offseason, will earn $21.25 million in 2022/23 and has a player option of $22.82 million for 2023/24. Should he decline that option, he could sign a four-year extension worth up to $114.24 million, so Fischer’s projection of $120 million seems a bit high.
Still, it looks like the Raptors will be willing to offer VanVleet the maximum amount he can receive on an extension. The All-Star point guard would become eligible for a more lucrative contract if he plays out the 22/23 season and then declines his player option to become a free agent next summer. But a $28.5 million-a-year extension that locks him in until age 33 may be hard to pass up.
Here’s more on the Raptors:
- According to Fisher, Young Thaddeus looks likely to stay in Toronto, potentially on a two-year deal worth at least $10 million. Young was acquired by the San Antonio Raptors in a trade deal in February.
- Young is one of the Raptors’ top two free agents this offseason, along with the big man chris butcher. Zach Kram of The Ringer explains why he considers Boucher the most interesting free agent on the market due to his unusual combination of skills and physical traits.
- The raptors and bulls are part of the teams that seem to be interested in Magic big man Mohammad Bamba, reports Fischer. However, Bamba will be a restricted free agent and may not leave Orlando — he and the Magic are motivated to strike a new deal, sources told Fischer.
- By examining potential landing spots for suns restricted free agent center Deandre AytonFischer notes that the Raptors continue to monitor the availability of a handful of big men, including Jazz star Rudy Gobert. While Ayton may also be on the team’s radar, Toronto won’t have a cap and can only acquire him by sign-and-trade.