Are the Rockets in the market for Josh Smith? Maybe not quite yet.

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Trade speculation surrounding Josh Smith is in full swing. The Brooklyn Nets and San Antonio Spurs have been reported as potential landing spots, but there may not be a more attractive trading partner for the Hawks given their rebuilding process than the Houston Rockets. Despite lacking a “big name” who can be moved, Houston has a ton of productive players on cheap, rookie deals. There are guys we haven’t even really seen like Terrence Jones or Donatas Motiejunas who are intriguing prospects, and there are useful pieces like Patrick Patterson and Greg Smith.

But while a potential deal with Houston would make sense for Atlanta, it may not make sense for Houston. The Rockets have max cap room heading into this offseason, so sacrificing multiple assets to acquire a guy who will be a free agent in a few months may be a waste. Here’s Daryl Morey explaining Houston’s situation to Sam Amick of USA Today:

“The Rockets — who signed point guard Jeremy Lin in the summer and traded for Oklahoma City’s James Harden in late October — are on the lookout for another star and have enough salary cap space this summer to add a maximum-salary free agent. At the moment, that appears to be their path of choice.

“Most likely, it’s not going to be through trade,” Morey told USA TODAY Sports on Wednesday. “Most likely, it’s going to be through the use of our cap room where we have max room this summer.

“I think (the time between now and the deadline) is going to be quiet. Of course a year ago, if you would’ve said, ‘James Harden – what about him?’ I would’ve said, ‘No way. They won’t trade him.’ You never know. You stay opportunistic. But I would guess that this trade deadline is going to be quiet.”

Via Sam Amick | USA Today

This is what Morey should say. The Rockets would have to combine quite a few salaries to match for a guy like Smith right now, and despite their playoff push, there really shouldn’t be a rush to contend. The financial situation is great, they have an incredibly young core, and they have a true star in James Harden.

With that said, it’s Harden who now shares some of the recruiting responsibility with Morey.

Asked if he had a specific player he wanted to join forces with, Harden — who doesn’t have off-court relationships with any of the players mentioned — says he’s not sure just yet.

“I don’t, and if I did have a guy I’d be texting him every single day,” he told USA TODAY Sports in a recent interview. “Dwight, Chris Paul, Bynum, all of them. I haven’t come across them. I’m more low-key.”

Low-key probably works for Houston right now. They’ll be hosting the All-Star game this weekend, so everyone will get a taste of what life in Houston is like. They’re contending ahead of schedule, true, but many a franchise has been wrecked by pushing the chips to the center of the table too quickly. Josh Smith does fit with what Houston wants to do, but patience may be the most valuable asset the Rockets can utilize at the trade deadline this year.