Report: Jason Terry re-signs with Rockets

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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.