Toronto Raptors star point guard Fred VanVleet will become an unrestricted free agent in July after declining his player option of $22.8 million for the 2023-24 season, ESPN's Adrian Wojnarowski reports.

Via Woj:

ESPN Sources: In the first major domino of free agency, Toronto Raptors All-Star guard Fred VanVleet has declined his $22.8 million player option and will become an unrestricted free agent in July.

Wojnarowski says VanVleet hasn’t ruled out working out a new deal with the Raptors, but he could become an attractive target for a contender.