Rockets, Jason Terry Near Deal

4:00pm: Terry says he is close to a deal with the Rockets, Mark Berman of Fox 26 Houston tweets.

2:28pm: The sides are starting to close in on an agreement, as Calvin Watkins of ESPN.com hears (Twitter link).

JULY 20TH, 2:08pm: The Rockets have offered Terry a contract, a source told Jonathan Feigen of the Houston Chronicle. Terry has Bird rights with Houston, so the team doesn’t have to use its mid-level exception to complete a deal.

JULY 19TH, 9:18pm: The Ty Lawson trade agreement, in which the Rockets are giving up guards Pablo Prigioni and Nick Johnson, among others, improves the chances that Terry re-signs with Houston, as Marc Stein of ESPN.com hears (Twitter link). Terry confirmed to Mark Berman of Fox 26 Houston that the sides are in talks (Twitter link).

JULY 13TH, 9:46pm: Free agent guard Jason Terry is progressing toward a deal to re-sign with the Rockets, according to Shams Charania of RealGM (Twitter link). Terry finished the 2014/15 season as the team’s starting point guard after Patrick Beverley was sidelined because of a wrist injury.

Terry and the Mavs reportedly had conversations about a reunion in Dallas. The 37-year-old played half of his 16 NBA seasons for the Mavs.

Terry played well last season and was a contributor during Houston’s playoff run to the Western Conference Finals. He averaged 9.2 points while shooting 35.4% from behind the arc during 17 playoff games.