Photo: Marcio Jose Sanchez / Associated Press

Fred VanVleet has agreed to a new, lucrative deal with the Toronto Raptors and will remain with the team long term.

VanVleet’s deal with the Raptors is for four years, worth $85M, per Shams Charania of The Athletic, and it includes a player option in his fourth year.

The new contract of the Raptors star is the largest one for an undrafted player in NBA history, via Bleacher Report.