As first reported by Shams Charania of The Athletic, Fred VanVleet has agreed to a 4-year, $85-million contract to return to the Toronto Raptors. As it turns out: betting on yourself works.
According to Charania, the deal includes a player option in year 4.
Update: Michael Grange has added some color to the contract:
I'm told VanVleet's 4yr/$85 deal (player option in yr 4) starts at $21.25 and then decreases by 8% in yr 2 (2021/22) before ramping up again.