FRIDAY, 10:39am: The signing is official, the team announced.
9:00pm: The contract will be a minimum salary arrangement, Stein relays in a full-length story.
WEDNESDAY, 4:28pm: The Rockets are close to signing free agent combo forward Michael Beasley, Marc Stein of ESPN.com reports (Twitter links). The deal would cover the remainder of the season and include a team option for 2016/17, Stein notes. The contract details are still unknown, though I would speculate that is likely a minimum salary arrangement. Houston, which recently waived both Marcus Thornton and Ty Lawson, still has one open roster spot. The team is also reportedly set to ink Andrew Goudelock.
Multiple NBA teams had reportedly expressed interest in Beasley, who became a free agent at the completion of the Chinese Basketball Association season. The combo forward averaged 31.9 points in 36.5 minutes per game with 37.1% 3-point shooting against relatively weak competition this season playing for Shandong.
Beasley has appeared in 433 regular season NBA games over the course of his career and owns averages of 13.0 points, 4.8 rebounds and 1.3 assists. His career slash line is .450/.343/.759.