Houston Rockets veteran guard Fred VanVleet intends to sign a two-year, $50 million contract to remain in Houston, with a player option in the second season. The Rockets are slated to decline VanVleet’s $44.9 million team option for next season to implement the new two-year deal.

According to ESPN, Dallas Mavericks star Kyrie Irving has declined his $43 million player option and agreed to a three-year, $119 million contract extension, which includes a player option for the 2027-28 season.

Per multiple reports, VanVleet and the Rockets have agreed to a two-year, $50 million extension. VanVleet had a team option for next summer, but this contract will keep him with the team until 2026-27. The new deal will include a player option, per reports.