"The Rockets and Fred VanVleet have mutual interest in signing a new long-term contract," said Shams. "Houston holds a $44.9 million team option on VanVleet, which they can decline to sign him at a lower figure for multiple years.

ESPN reported that Steven Adams signed a three-year, USD 39 million contract extension with the Houston Rockets earlier this week.

This is the 30th anniversary of the 1995 Houston Rockets going back-to-back, the most unlikely, unpredictable, unsinkable and irrepressible run to a championship in NBA history.

Given that context, it's hard to call the Rockets '24/25 season anything but a huge success for the franchise. Houston won 52 games, its highest single-season total since the James Harden years, and held the No. 2 seed in a competitive Western Conference for much of the season, including from March 19 onward.

Keep up with the Houston Rockets and their pursuit of Kevin Durant as trade negotiations intensify. Read the latest news now.

Stephen Jackson slammed NBA for hypocrisy after 2009 trade request fine: "Kobe said the same thing two years ago and didn't get a fine" originally appeared on Basketball Network. In the NBA, superstar calls are a familiar phenomenon. But as Stephen Jackson pointed out in 2009, this preferential treatment extends far beyond the court.