Rockets Rumors: No. 3 Pick, Mitchell, Tate, Green, Landale, Beasley

Prior to the draft lottery, a report indicated that the Rockets were interested in trading their 2024 first-rounder for future draft assets. That’s still a possibility, but after moving up from No. 9 to No. 3 on lottery day, Houston has a more valuable asset on its hands and will consider all potential paths with that pick, writes Kelly Iko of The Athletic.

Team and league sources tell Iko that a handful of clubs have already expressed interest in the Rockets’ No. 3 overall selection, either in a trade-up scenario or by trading into the first round altogether. Houston is open to the idea of moving back and acquiring extra assets, Iko notes, though at the draft combine, the club was doing its homework on potential top-five picks. Team officials spoke to prospects like Donovan Clingan, Stephon Castle, Reed Sheppard, and Matas Buzelis, according to Iko, who hears from a source that Buzelis’ interview, in particular, was “excellent.”

Including that No. 3 pick in a trade package for an impact player is another avenue the Rockets figure to explore, and league sources tell Iko that Houston is among the teams with interest in Cavaliers guard Donovan Mitchell, having monitored his situation for the last several months. Mitchell wouldn’t be available if he ends up signing an extension to remain in Cleveland, but if he’s on the trade block, the All-NBA guard would be a more “suitable” target for the Rockets than players like Brandon Ingram or Mikal Bridges, opines Iko.

Here’s more on the Rockets:

• Confirming a report from The Houston Chronicle, Iko says the Rockets have interest in the future Suns draft picks controlled by the Nets. Houston, which controls a handful of Brooklyn’s draft assets, is expected to reengage the Nets in trade talks prior to next month’s draft, team sources tell Iko.
• According to Iko, “all signs point toward” the Rockets exercising their team options on Jae’Sean Tate ($7.07MM) and Jeff Green ($9.6MM) for 2024/25. That’s somewhat surprising, given that Tate’s role declined significantly last season and Green would be extremely unlikely to match his option salary as a free agent. But those expiring contracts for Tate and Green would perhaps have some value as salary-matching pieces in a trade. For what it’s worth, Houston could pick up Green’s option and then waive him by July 11 to avoid being on the hook for his ’24/25 salary.
• Iko also suggests that the Rockets may retain Jock Landale, whose $8MM salary for 2024/25 is non-guaranteed until June 29. Landale played better in the second half of his first season in Houston, especially after Alperen Sengun went down, but he’s another player who wouldn’t be a bargain on his current deal and might have more value as a trade chip. He has non-guaranteed $8MM salaries for ’25/26 and ’26/27 too, so his contract could be treated as an expiring deal. If they hang onto Tate, Green, and Landale on their current contracts, the Rockets would still have plenty of breathing room below the projected luxury tax line, with access to the full mid-level exception.
• Houston’s front office recognizes that outside shooting and floor spacing are areas of need this summer and has some interest in Bucks sharpshooter Malik Beasley, according to Iko, who hears from sources that Beasley is also generating early interest from the Magic and the Warriors.