Fred VanVleet and the Houston Rockets have reached an agreement to extend the deadline for his $44.9 million team option from May 9 to June 29. VanVleet, who signed a three-year, $128.5 million contract with the Rockets in 2023, is expected to remain with the team for the 2025-26 season, although the option's fate remains uncertain. Possibilities include the Rockets exercising the option or declining it to negotiate a longer-term deal with a lower starting salary, allowing for greater financial flexibility this summer.

Rockets' GM Rafael Stone expressed confidence in VanVleet's return, highlighting his significant contributions and leadership. Coach Ime Udoka also praised VanVleet's role in the team's growth and development. With the impending decisions regarding extensions for Alperen Sengun and Jalen Green, the team faces challenges in maintaining financial flexibility.