Fred VanVleet: No Formal Extension Offer Made, Mutual Decision To Wait

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Fred VanVleet: No Formal Extension Offer Made, Mutual Decision To Wait
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Fred VanVleet: No Formal Extension Offer Made, Mutual Decision To Wait - RealGM Wiretap

Reports broke over the weekend that Toronto Raptors guard Fred VanVleet turned down a four-year, $114 million extension offer. VanVleet clarified after the Raptors victory on Sunday that those reports are misleading.

"There was never a formal made," said VanVleet."It was a mutual decision by both sides that the smart thing to do would be to wait it out. There was no rush, given that I could still sign the extension all the way through the end of the season." VanVleet is in the third year of a four-year, $85 million deal with Toronto before the 2020-21 season. He has a player option for $22.8 million for next season.

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