ESPN's Adrian Wojnarowski reported that Fred VanVleet agreed to a three-year, $130 million contract with the Houston Rockets.
The 29-year old declined a $22.8 million option to play for the Raptors next season and now has the largest contract for any undrafted player in league history.
Van Vleet is now the oldest player on the Rockets roster with Frank Kaminsky, D.J. Augustin, Boban Marjanovic and Willie Cauley-Stein all free agents.
VanVleet averaged 19.3 points, 7.2 assists, 4.1 rebounds and 1.8 steals per game last season while shooting 40% from the field.
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