12:56 PM ET
The deal includes a player option for the final season of the contract, a source confirmed to ESPN.
VanVleet’s journey to stardom was far from a sure bet, as the 6-foot-1 guard went undrafted out of Wichita State ahead of the 2016-17 season. Now he has the largest contract in NBA history for an undrafted player, surpassing Wesley Matthews‘ four-year, $70.1 million deal with the Dallas Mavericks in 2015.
On Saturday, VanVleet responded to his own tweet from 2016 in which he said “Bet on yourself”
— Fred VanVleet (@FredVanVleet) November 21, 2020
After signing with the Raptors on a two-year, $1.45 million deal, VanVleet struggled to find consistent minutes behind a Kyle Lowry–DeMar DeRozan backcourt. After DeRozan was sent to San Antonio in the Kawhi Leonard deal two seasons ago, VanVleet helped fill the void.
His real breakout came in the playoffs that season, as VanVleet got hot from 3-point range after the birth of his son late in the Eastern