Jason Terry said he nearly re-signed with the Rockets.
Then, he became unsatisfied with their offer and considered the Pelicans.
In the end, he’s headed back to Houston.
Shams Charania of RealGM:
The Rockets could have offered Terry up to $2,274,206, but anything over the minimum ($1,499,187) would have triggered the hard cap. I’d be shocked if Terry got more than the minimum. I can’t imagine Daryl Morey restricting himself to such a large degree for a 37-year-old backup.
But on a minimum contract, Terry is nice value.
Pressed into starting duty at point guard, Terry played reasonably well during the Rockets playoff run to the Western Conference finals. If Patrick Beverley is healthy and Ty Lawson is sober, Terry should have a smaller role this season. Terry could also see minutes at shooting guard behind James Harden and Marcus Thornton.
The Rockets and Terry both know he works well in their system, and Houston has legitimate championship aspirations. This makes sense as Terry’s landing spot.
Jason Terry said he was close to re-signing with the Rockets, but that was also around the time they renounced him.
Houston can still re-sign the guard. It will just take a cap exception other than a Bird exception to do so. The Rockets have two exceptions available:
- The part of the mid-level exception not already used on K.J. McDaniels ($2,274,206)
- The minimum-salary exception ($1,499,187)
Using any of the mid-level exception would push Houston past the non-taxpayer level and into the taxpayer level – triggering the hard cap. I doubt Daryl Morey wants to be bound by that restriction, which would limit his ability to make a big splash during the season
So, you can bet the Rockets are offering just the minimum-salary exception. I figured that would have been enough, given Houston’s title chances and proven ability to put Terry in position to succeed.
Alas, he sees it differently.
Marc Berman of Fox 26:
The Pelicans, already hard-capped, can offer the bi-annual exception ($2,139,000). It’s unlikely the hard cap – even with Terry in the fold – would significantly restrict New Orleans to the degree it would Houston.
Besides, the Pelicans really need Terry. They’re mighty thin behind Jrue Holiday and Eric Gordon, both of whom have faced significant injuries in recent years. Even re-signing restricted free agent Norris Cole wouldn’t alleviate New Orleans’ backcourt depth concerns – and he’s not re-signed yet. Terry, a combo guard, would give the Pelicans flexibility to prioritize help at either backcourt position.
The Rockets – with James Harden, Ty Lawson, Patrick Beverley and Marcus Thornton – aren’t nearly as needy at guard. Houston will almost certainly sign another point guard, and Terry is probably the first choice. But if Terry won’t accept a minimum salary, the Rockets would likely let him walk and find someone who will.
The Ty Lawson trade gave the Rockets one guard and sent out two – Nick Johnson and Pablo Prigioni, whom the Nuggets waived.
That means a familiar face likely returns to Houston – Jason Terry.
Marc Berman of Fox 26:
The Rockets hold Terry’s Bird Rights, so they can exceed the cap to re-sign him. It shouldn’t take much more than a minimum contract, though they have the flexibility to give him a little more.
Terry should probably pursue a one-year contract. That would allow him to jump to another contender next summer if Houston doesn’t present the best place to ring chase. It would also mean he must consent to being traded, because he’d be on a one-year contract with Bird Rights afterward.
Terry would provide nice depth for the Rockets. He can play either guard spot and would provide a scoring spark behind James Harden, Patrick Beverley and Lawson. Terry turns 38 before the season begins, but he started for Houston at point guard as it advanced to the Western Conference finals. He can still play, and the Rockets would be well served to bring him back.