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NBA 2024 Offseason Check-In: Houston Rockets

August 17th, 2024 at 2:57pm CST by Luke Adams

Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Houston Rockets.

Free agent signings

Aaron Holiday: Two years, $9,569,400. Second-year team option. Re-signed using bi-annual exception. Waived right to veto trade.
Nate Hinton: One year, minimum salary. Non-guaranteed (Exhibit 10). Re-signed using minimum salary exception.
Jermaine Samuels: One year, minimum salary. Non-guaranteed (Exhibit 10). Re-signed using minimum salary exception.

Trades

Acquired the Suns’ 2027 first-round pick, either the Mavericks’ or the Suns’ 2029 first-round pick (whichever is more favorable), swap rights for the Suns’ 2025 first-round pick, and swap rights for either the Mavericks’ or Suns’ 2029 first-round pick (whichever is least favorable) from the Nets in exchange for the Nets’ own 2026 first-round pick and control of the Nets’ own 2025 first-round pick (negating the Rockets’ right to swap either their own 2025 first-rounder or the Thunder’s 2025 first-rounder for Brooklyn’s pick).
Acquired AJ Griffin from the Hawks in a three-team trade in exchange for the draft rights to Pelle Larsson (No. 44 pick; to Heat).

Draft picks

1-3: Reed Sheppard
- Signed to rookie scale contract (four years, $45,853,024).

Two-way signings

Departed/unsigned free agents

Reggie Bullock (unsigned)
Boban Marjanovic (unsigned)

Other moves

Exercised Jeff Green‘s 2024/25 team option ($8,000,000).
Exercised Jae’Sean Tate‘s 2024/25 team option ($7,565,217).

Salary cap situation

Operating over the cap ($140.6MM) and below the luxury tax line ($170.8MM).
Carrying approximately $163.9MM in salary.
Hard-capped at $178,132,000.
Full mid-level exception ($12.8MM) available.
One traded player exception available (worth $797,080).

The offseason so far

After making a major splash on the free agent market a year ago by signing several Fred VanVleet, Dillon Brooks, and a handful of other veterans, the Rockets had a much quieter summer in 2024.

Houston’s only real move of note in free agency was to bring back reserve point guard Aaron Holiday on a two-year contract that isn’t guaranteed beyond 2024/25. Holiday was solid in a rotation role last season, but he’s unlikely to play more than 15-18 minutes per game.

The team also made a minor move on the trade market by acquiring AJ Griffin from Atlanta in exchange for the No. 44 overall pick in this year’s draft. A 2022 first-round pick, Griffin had a promising rookie season, with 8.9 PPG and a .390 3PT%, then missed significant time in 2023/24 due to leg and ankle injuries, as well as personal issues. He wasn’t effective even when he did play, but Houston is betting on a bounce-back season for a player who will remain on his affordable rookie scale contract for two more seasons.

While the Rockets didn’t control their own first-round pick in 2024, one of the first-rounders they acquired from Brooklyn in the James Harden blockbuster paid off in a major way, moving up to No. 3 on lottery night. Houston used that selection to draft Reed Sheppard, who posted a .521 3PT% in his lone college season at Kentucky. Having added Griffin and Sheppard, it’s clear the Rockets made it an offseason priority to improve a three-point percentage (35.2%) that ranked 23rd in the NBA last season.

The rest of the Rockets’ moves are arguably more noteworthy for what they mean going forward than the impact they’ll have in the short term.

Houston picked up its team options on Jeff Green ($8MM) and Jae’Sean Tate ($7.6MM) while guaranteeing Jock Landale‘s $8MM salary for 2024/25, giving the team nearly $24MM in expendable expiring contracts that could come in handy at this season’s trade deadline. Green, Tate, and Landale figure to see some action during the regular season, but none are locks to spend all year in the rotation, especially if the club’s young players continue to improve — they may be more valuable as trade chips.

The Rockets also gave up control of the Nets’ first-round picks in 2025 (they had swap rights) and 2026 (they would’ve acquired Brooklyn’s pick outright) in exchange for two future first-rounders and two future swaps. Three of those four are Suns picks. It’s an interesting play for Houston, which is pushing its trade assets further into the future and betting against Phoenix’s longevity as a contending team, as most of those picks and swaps are for either 2027 or 2029.

Up next

With plenty of expiring money on their books, a surplus of future draft assets, and a handful of talented young players on their roster, the Rockets are well positioned to make a bid for a star if one becomes available on the trade market.

Between now and the start of the regular season, however, the more pressing issue is whether to extend Alperen Sengun and/or Jalen Green. Both players are eligible for rookie scale extensions until October 21.

Sengun enjoyed a breakout year in 2023/24, finishing third in Most Improved Player voting after averaging 21.1 PPG, 9.3 RPG, and 5.0 APG. Green’s scoring average declined, but he continued to show flashes of stardom, including one 20-game stretch from February to April in which he put up 26.6 PPG, 6.1 RPG, and 4.3 APG on .465/.381/.822 shooting.

Still, Green remains an inconsistent overall shooter and defender; Sengun, who was injured to finish the season, isn’t really a rim protector in the middle; and the Rockets had a higher net rating when each player was off the court than when he was on it. That’s not to say that Sengun and Green don’t deserve extensions, but neither case is a no-brainer for Houston, especially if those 2021 first-rounders are seeking maximum salaries or something close to it.

It’s also unclear whether the Rockets want to maintain the flexibility to potentially clear maximum-salary cap room in 2025. If so, it would certainly make sense to hold off on an extension for Sengun, at least. His cap hold as a restricted free agent would be just $16.3MM, far below his projected first-year salary on a new deal. Green’s cap hold would come in just above $31MM, so postponing an extension for him would only create additional cap flexibility if Houston expects to pay him more than that in 2025/26.

Green To Host Players-Only Camp

August 12th, 2024 at 9:30pm CST by Dana Gauruder

The Rockets are doing some early bonding, according to Kelly Iko of The Athletic (Twitter link). Jalen Green is hosting a players-only minicamp in Los Angeles this week with Alperen Sengun, Reed Sheppard, Jabari Smith Jr. and Amen Thompson among the teammates expected to show up.

And-Ones: Risacher, Sarr, Sheppard, LeBron, TV Package, Beverley

July 27th, 2024 at 11:58am CST by Dana Gauruder

The top two picks in the draft — Zaccharie Risacher and Alex Sarr — were also two of the biggest disappointments during Summer League action, John Hollinger of The Athletic notes.

The Hawks‘ Risacher shot 11-of-28 from the floor in 59 minutes before being sidelined by a quad contusion. The Wizards‘ Sarr shot 0-of-15 from the field in his third game and only scored two points in his fourth outing. The Pacers‘ Jarace Walker and Timberwolves‘ Rob Dillingham were among the other notable players who struggled in Vegas.

On the flip side, third overall pick Reed Sheppard of the Rockets showcased his all-around skills, Hollinger writes. Another standout was Scotty Pippen Jr., who made a strong case to be the Grizzlies‘ backup point guard.

The Ringer’s J. Kyle Mann and ESPN’s experts also shared their thoughts on the biggest takeaways from Summer League action.

We have more from around the basketball world:

LeBron James ranks No. 1 among the top 25 players in this century, according to a poll of ESPN experts. Kobe Bryant, Stephen Curry, Tim Duncan and Shaquille O’Neal round out the top five.
The new broadcasting deals signed by the league with Disney, NBC and Amazon include national broadcasts on every day of the week during the regular season. ESPN’s Tim Bontemps provides more details on the rights packages.
Patrick Beverley will not face criminal charges for throwing a basketball at a Pacers fan during the playoffs, The Athletic’s Mike Vorkunov tweets. A Marion County Prosecutor’s Office spokesman said the county won’t bring charges after it reviewed the Indianapolis police department investigation. Beverley is expected to play with an Israeli team next season.

Rockets Sign Jack McVeigh To Two-Way Contract

July 25th, 2024 at 6:10pm CST by Dana Gauruder

JULY 25: McVeigh’s two-way contract with the Rockets is now official, per Jonathan Feigen of The Houston Chronicle (Twitter link).

JULY 15: Australian forward Jack McVeigh has agreed to a two-way deal with the Rockets, ESPN’s Olgun Uluc reports.

The 6’8” McVeigh, 28, is coming off the best season of his professional career with the Tasmania JackJumpers. He led them to the 2024 NBL Championship and earned Championship Series MVP honors. Over the 2023/24 NBL season, McVeigh averaged 16.5 points and 5.4 rebounds per game for the JackJumpers, shooting 52.5% from the field and 36.4% from beyond the arc.

McVeigh is a member of the 12-man Australian Boomers team for the 2024 Paris Olympics. He had nine points in Australia’s exhibition loss to Team USA on Monday.

McVeigh spent four seasons at the University of Nebraska-Lincoln before beginning his professional career in the NBL.

Rockets big man Jock Landale is also on the Australian national team.

The Rockets had one opening for another two-way player. Jeenathan Williams and N’Faly Dante hold the other two-way deals.

Rockets’ Tari Eason Discusses Leg Injury, Rehab

July 23rd, 2024 at 10:50pm CST by Dana Gauruder

Following a solid rookie season, Tari Eason fell victim to the injury bug last season. Eason appeared in just 22 games, none after January 1st.

The Rockets forward underwent surgery to treat a benign growth on his lower leg, with the procedure involving “excising and bone grafting the lesion along with inserting an intramedullary rod in his tibia to help accelerate healing.”

Eason told The Athletic’s Kelly Iko it was all a new experience for him.

“It was a trying time,” Eason said. “I’ve never really dealt with a major injury or anything that has kept me out of basketball for a long period of time. It was tough on me mentally, but I had the right people in my corner, giving me good, positive energy and praying. That helped me stay grounded through the process.”

Indeed, Eason appeared in all 82 games in his rookie campaign, averaging 9.3 points, 6.0 rebounds, 1.1 assists and 1.2 steals in 21.5 minutes per night. The rehab process has been arduous but he’s confident he’ll be ready to reestablish himself in training camp.

“I feel good. I feel like I’m close to 100 percent. You’ve seen me jumping, running, dunking,” he said. “I feel pretty normal, to be honest. It’s really about getting all the movements back to where they were.”

Eason was the 17th pick of the 2022 draft and projects as a key reserve on the much-improved Rockets. He’ll be eligible for a rookie scale extension next offseason.

Here’s more from his interview with Iko:

Eason said he felt soreness in his shin before the season began: “I’d say right before training camp in the Bahamas during the team trip. Working out, I would notice that my shin would be really, really sore. I thought that was maybe through lack of treatment or stretching, things like that. I put more time in the training room and just ignored it. But definitely around training camp, because every time I jumped, I was in pain.”
The injury took a mental toll on him: “It was weird going to games and not suiting up, wearing regular clothes. It was sad. There was a point where I really was sad, a low point. I didn’t know what was going to happen, I didn’t know what the solution was. That thought of not knowing is uncomfortable.”
On how he views next season: “I don’t have too many words on that. I’m going to let my game do the talking. A lot of stuff has been said, a lot of ways people view me, I hear it all. But I’m not here to prove anything.”

Western Notes: Sengun, Dunn, Westbrook, Pelicans, Bassey

July 22nd, 2024 at 8:06pm CST by Dana Gauruder

Alperen Sengun would like to sign a rookie scale extension this offseason but he admits he may have to wait until next offseason, Eurohoops relays. The Rockets center was asked about his contract situation during a “Sunday Chat with Fatih Altayli” broadcast.

“We are waiting. My managers are negotiating with them,” he said. “I don’t become a free agent next year. This year, teams can’t make offers to me. Next year, other teams can make offers.”

Sengun would become a restricted free agent next summer if he doesn’t reach an extension agreement this offseason. There has been speculation that the Rockets might follow the Sixers’ approach to this offseason, where they delayed a max extension with Tyrese Maxey until this summer in order to open up as much cap space as possible to pursue top free agents.

Sengun, who finished third in the Most Improved Player balloting, would rather get long-term security sooner than later.

“Right now, they don’t have to sign, but of course, I want to sign. Because then your mind is at ease. You secure your future,” Sengun said.

We have more from the Western Conference:

The Clippers signed Kris Dunn to a three-year, $16,279,200 contract which is non-guaranteed in the final year, Michael Scotto of HoopsHype tweets. The third year can become fully guaranteed if Dunn is named to the All-Defensive First or Second Team during either the 2024/25 or 2025/26 season — if he doesn’t earn All-Defensive honors, his guarantee date for the third-year salary would be June 30, 2026. Los Angeles acquired Dunn in a sign-and-trade with Utah.
The Nuggets shouldn’t put Russell Westbrook in the starting lineup to fill Kentavious Caldwell-Pope‘s spot, Sean Keeler of the Denver Post opines. Westbrook is joining Denver after clearing waivers on Monday. Westbrook would be better off anchoring a mostly youthful second unit, providing leadership and a change of pace. He’d be a better backup at the point than Reggie Jackson – who was dealt to Charlotte – was last season, Keeler adds. Westbrook would still get chances to start if and when Murray is unavailable.
Assuming Brandon Ingram doesn’t get traded, what does the Pelicans’ depth chart look like? Christian Clark of the New Orleans Times-Picayune explores that topic, projecting a starting five of Dejounte Murray, Herbert Jones, Ingram, Zion Williamson and Daniel Theis. That would leave Jose Alvarado, Trey Murphy, Yves Missi, and – most notably – CJ McCollum as the top reserves.
Spurs center Charles Bassey gave up his right to veto a trade during the 2024/25 league year, Hoops Rumors has learned. A player who re-signs with his previous team on a one-year contract (or a two-year deal with a second-year option) is typically given a de facto no-trade clause for the season, but that right can be waived as part of a contract agreement.

Nets’ Jalen Wilson Named Summer League MVP

July 22nd, 2024 at 6:39pm CST by Dana Gauruder

Nets forward Jalen Wilson has been named the Most Valuable Player of the NBA’s Las Vegas Summer League, the league’s communications department tweets.

Wilson averaged 21.8 points, 4.6 rebounds, 1.0 assists and 0.6 steals while shooting 47.3% from the field and 55.0% from 3-point range in five games in Vegas.

His performances should solidify his spot on the team’s roster this upcoming season. The 23-year-old has a $1.89MM minimum-salary contract for 2024/25 that is currently just partially guaranteed for $75K. It increases to a partial guarantee of $325K if he makes the opening night roster.

Oddly, Wilson was only named to the All-Summer League Second Team. The First Team included the Grizzlies‘ GG Jackson II and Scotty Pippen Jr,, the Clippers‘ Jordan Miller, the Rockets‘ Reed Sheppard and the Heat‘s Kel’el Ware.

The Grizzlies and Heat reached the Summer League championship game. Sheppard, the No. 3 pick in last month’s draft, averaged 20.0 points, 5.3 assists, 4.8 rebounds and 2.8 steals in four Las Vegas outings.

Along with Wilson, the Second Team included the Wizards‘ Carlton Carrington, the Trail Blazers‘ Donovan Clingan, the Heat‘s Jaime Jaquez Jr. and the Pacers‘ Jarace Walker (Twitter links).

Southwest Notes: Jackson, Hawkins, Paul, Rockets

July 21st, 2024 at 3:01pm CST by Alex Kirschenbaum

Grizzlies forward GG Jackson is already making strides as a rebounder in Summer League play, writes Damichael Cole of The Memphis Commercial Appeal. Jackson notched two straight double-doubles in scoring and rebounding during his first four Summer League contests. Cole notes that Memphis is frequently tasking the second-year forward with some of the team’s toughest defensive assignments.

On Thursday, Jackson helped the Grizzlies stay undefeated, showing off his improved play-making skills with a six-assist performance, adds Cole in another story. Memphis beat the Clippers in their Summer League semifinal matchup Sunday, and on Monday will square off against the winner of an ongoing Heat-Warriors playoff semifinal.

Jackson was selected with the No. 45 pick out of South Carolina in last year’s draft. The 6’9″ forward quickly emerged as one of the most impressive players in the 2023 class, earning an All-Rookie Team berth for his efforts. Across 48 games (18 starts), Jackson averaged 14.6 points on a .428/.357/.752 shooting line while also chipping in 4.1 rebounds, 1.2 assists, 0.6 steals and 0.5 blocks per night.

There’s more out of the Southwest Division:

Second-year Pelicans shooting guard Jordan Hawkins departed his last game of Summer League with an ankle injury, but X-rays on the ailment were negative, reports Christian Clark of NOLA.com (Twitter link). The No. 14 pick out of UConn, Hawkins averaged 7.8 points, 2.2 rebounds, and 1.0 assists during his 2023/24 rookie season.
In a new interview with Cyro Asseo de Choch of HoopsHype, third-year Spurs guard Blake Wesley reflected on the club’s decision to add 12-time All-Star veteran Chris Paul in free agency over the summer. “He’s a great dude,” Wesley said. “We just worked out with him not too long ago at Summer League. Yeah. So it’s good. He’s a great dude. He’s talking to me, coaching me, telling me to go handle the ball. So I’m enjoying it so far, and I can’t wait to learn and get the knowledge. Really take what he has. So I’m excited.” One of the great facilitators and shooters in the history of the game, Paul has shown an ability to help develop younger guards, so his addition could greatly abet Wesley.
The Rockets enjoyed an active Summer League run, writes Jonathan Feigen of The Houston Chronicle in a piece unpacking his takeaways from the event. No. 3 draft pick Reed Sheppard has already impressed as a scorer, averaging 20 points per game, though he has struggled with protecting the ball.

Southwest Notes: Kennard, Pelicans, Murphy, Whitmore

July 18th, 2024 at 6:56pm CST by Luke Adams

Checking in on where things stand between the Grizzlies and Luke Kennard, Damichael Cole of The Memphis Commercial Appeal writes that the sharpshooter’s return to Memphis “still feels inevitable” even though it’s taking longer than expected.

The Grizzlies declined Kennard’s $14.8MM team option at the end of June, but the expectation has always been that he would return on a more team-friendly cap number. He hasn’t been linked to any other suitors since free agency began.

Sources tell Cole that the Grizzlies would like to keep their 15th roster spot for the sake of flexibility entering the regular season. Since the team currently has 14 players on guaranteed standard contracts, re-signing Kennard may mean trading someone else — Ziaire Williams is rumored to be on the block.

Here’s more from around the Southwest:

While head of basketball operations David Griffin said on an ESPN broadcast this week that the Pelicans are “really excited” about what they have at center and are looking forward to playing “small and fast,” it’s fair to wonder if one more move is coming to shore up the position, writes Christian Clark of NOLA.com. Veteran Daniel Theis currently sits atop New Orleans’ depth chart at the five, with rookies Yves Missi and Karlo Matkovic behind him and Jeremiah Robinson-Earl potentially in the mix as well.
Within the same story, Clark reports that the Pelicans and fourth-year wing Trey Murphy have opened discussions about a rookie scale extension. The two sides have “differing viewpoints” on Murphy’s value for now, but there’s optimism they’ll find a middle ground and make a deal before the October 21 deadline, Clark writes.
Rockets forward Cam Whitmore has been shut down for the rest of Summer League, but rookie guard Reed Sheppard will continue playing in Las Vegas, reports Kelly Iko of The Athletic (Twitter link). Last year’s Summer League MVP, Whitmore has struggled with his shooting efficiency this time around, making just 38.3% of his shot attempts, including 1-of-14 three-pointers, but Houston knows what he’s capable of offensively and he impressed in other areas (7.0 RPG, 4.3 APG, 3.3 SPG).

Offseason Observations: Apron Impact, Rockets, Spurs, Okogie

July 18th, 2024 at 11:52am CST by Luke Adams

The NBA's offseason is far from over. As we saw last summer, when Damian Lillard was traded to Milwaukee in late September and Jrue Holiday was flipped from Portland to Boston on October 1, the trade market stays open into the fall.

We also could still see impactful moves on the free agent market occurring much later in the offseason, as was the case a year ago when Derrick Jones and P.J. Washington - two key members of the Mavericks' team that made the NBA Finals - signed their respective contracts during the second half of August (Washington signed with the Hornets before being traded to Dallas later in the season).

Still, the pace of the offseason action has certainly slowed down since the start of July, giving us an opportunity to look back and reflect on all that's gone down in the last few weeks.

From one of the biggest storylines of the summer (the impact of the new tax apron rules) to some under-the-radar developments (like the structure of Josh Okogie's new deal with the Suns), we're taking a closer look today at some of the more curious offseason subplots.

Let's dive in...

Has the impact of the new apron restrictions been overstated?

The concept of the tax apron has existed in the NBA's Collective Bargaining Agreement for years, and a second apron was implemented in 2023, but the 2024 offseason is the first time all the new apron-related restrictions introduced in the current CBA have been in place. Those new restrictions affect the trade market most significantly, with teams operating over the first tax apron not permitted to take back more salary than they send out and teams over the second apron prohibited from aggregating player salaries.

While it's true that these rules have made it challenging for teams with high payrolls to make moves as easily as they used to, I think they've also become a convenient scapegoat for teams to justify certain roster decisions.

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