This was always going to happen, and it doesn’t indicate much of anything in regards to VanVleet’s future franchise — be it in Toronto or elsewhere. (News first broken by Woj.) VanVleet will receive a hefty raise on the open market in comparison to the contract that just finished. Expect him to make somewhere with the range of $30M annually.
The list of teams enamored with him is long, and the Raptors will have a huge amount of competition in trying to retain VanVleet’s services.