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Raptors' Fred VanVleet declines player option and will become free agent, per reports

Toronto Raptors guard Fred VanVleet is set to become a free agent this summer after declining his player option for the 2023-24 season, according to ESPN's Adrian Wojnarowski.

The 2022 NBA All-Star, who helped propel the Raptors to the 2019 NBA championship, will be able to sign with any team in the league. He had one year and $22 million remaining on a 4-year, $85 million deal he signed in 2020.

VanVleet, who will have many suiters around the league, has not ruled out a renegotiation with the Raptors, according to ESPN. There could be also options for Toronto to engage in a sign-and-trade deal to send VanVleet to another team.

Toronto Raptors guard Fred VanVleet brings the ball up the court against the Boston Celtics at TD Garden in April 2023.
Toronto Raptors guard Fred VanVleet brings the ball up the court against the Boston Celtics at TD Garden in April 2023.

VanVleet averaged 19.3 points per game in 2022-23 – down slightly from the previous two seasons (19.6 in 2020-21 and 20.3 in 2021-22) – but ranked in the top 15 in assists and steals per game as well as 3-pointers made. The 29-year-old has spent his entire career in Toronto and is one of two players in Raptors history to have 1,000 total 3-pointers made.

The Raptors signed VanVleet to a multi-year deal in 2016 after he went undrafted out of Wichita State. VanVleet earned a roster spot, slowly working his way into the rotation before breaking out during the 2018-19 season. It was the first season he averaged double digits in points, playing a major role off the bench during the Raptors championship run.

VanVleet's 22 points in Game 6 of the 2019 NBA Finals were a career-high and pushed Toronto to its first NBA title in franchise history. He finished second in NBA Finals MVP voting and became a full time starter next season. When he signed his a 4-year, $85 million contract in 2020, VanVleet became the highest paid undrafted player in NBA history.

This article originally appeared on USA TODAY: Fred VanVleet declines Raptors' player option, to become free agent