The Rockets turned down Fred VanVleet’s team option and are re-signing him to a lower annual rate, which gives Houston more offseason spending tools.

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.

Houston anticipates a cleaner offense with Kevin Durant, which should lessen Fred VanVleet’s scoring load and allow him to operate as a facilitator.