FRIDAY, 11:02am: The Rockets have made Brooks' signing official, announcing the new deal today in a press release.
THURSDAY, 11:28pm: Brooks tells Berman he had other offers, but he felt most comfortable taking the one from the Rockets (Twitter link). It appears from Brooks' comment that he signed for the minimum, but that's not entirely clear.
11:02pm: It appears Aaron Brooks is re-signing with the Rockets, as Mark Berman of Fox 26 Houston tweets that the point guard is returning to the team after inking a one-year deal. Houston waived Brooks on June 30th in a move to clear cap space. The five-year veteran's previous contract for 2013/14 would have become fully guaranteed if he wasn't waived by the end of last month.
Brooks was set to make $2.508MM this season before the Rockets cut him loose, but he seems unlikely to make that much this year in his new deal. Houston attempted to trade him before waiving him, but no team appeared willing to take on his old contract. The Rockets waived Carlos Delfino at the same time they waived Brooks, but Delfino has already moved on, having signed with the Bucks.
The Rockets have the $2.652MM room exception available, but I won't be surprised if the Creative Artists Agency client's new deal is for the minimum. He saw just 38 minutes of action in the regular season with Houston after signing March 5th, following his buyout from the Kings. Brooks got more run in the playoffs, averaging 11.2 minutes per contest in Houston's six-game defeat to the Thunder in the first round, but he wasn't nearly the integral part of the team that he was in 2009/10. That's when he struck for 19.6 points and 5.3 assists per game, both career highs by wide margins.