Houston Rockets Acquire Mike James

New Houston Rockets guard Mike James holds up his New Jersey along with Rockets head coach Rick Adelman (L) and GM Daryl Morey (R) during the press conference announcing the Rockets traded Juwan Howard to Minnesota for Mike James on June 14, 2007 (credit: Bill Baptist/NBAE via Getty Images)

The Rockets trade for Luis Scola

On July 16, 2007 the Rockets traded Vassilis Spanoulis and a 2009 2nd round draft pick to the Spurs for Jackie Butler and Luis Scola. (credit: Bill Baptist/NBAE via Getty Images)

Rockets Sign Aaron Brooks and Carl Landry

On June 29, 2007 the Rockets drafted Aaron Brooks and traded a 2nd round draft pick for Carl Landry (credit: Bill Baptist/NBAE via Getty Images)

Steve Francis Signs As A Free Agent

Steve Francis signs a free agent contract with the Houston Rockets on July 20, 2007 (credit: Bill Baptist/NBAE via Getty Images)

The Rockets Trade for Joey Dorsey

As part of a 3-team trade on June 27, 2008, the Rockets traded Nicholas Batum to the Trail Blazers, the Grizzlies traded Sam Young to the Rockets, and the Blazers traded Joey Dorsey to the Rockets. (credit: Bill Baptist/NBAE via Getty Images)

Brent Barry Signs With The Houston Rockets

Brent Barry signs with the Houston Rockets at the Toyota Center July 16, 2008 (credit: Bill Baptist/NBAE via Getty Images)

Rockets Trade for Ron Artest

On August 25, 2008 the Rockets traded Donte Greene, Bobby Jackson, and a 2009 1st round draft pick to the Kings for Ron Artest (Metta World Peace), Patrick Ewing, and Sean Singletary. Artest would leave Houston to play for the Lakers in 2009. (credit: Bill Baptist/NBAE via Getty Images)

Von Wafer signs as a Free Agent

Von Wafer of the Houston Rockets poses for a portrait during NBA Media Day on October 1, 2008 after being signed as a Free Agent on September 29, 2008. (credit: Bill Baptist/NBAE via Getty Images)

The Rockets Trade For Kyle Lowry and Brian Cook

As part of a 3-team trade, the Houston Rockets acquired Brian Cook (L) and Kyle Lowry (R) in exchange for Rafer Alston on February 19, 2009. (credit: Bill Baptist/NBAE via Getty Images)

Daryl Morey

(credit: Bill Baptist/NBAE via Getty Images)

Houston Rockets GM Daryl Morey speaks during his press conference on June 26, 2009 (credit: Bill Baptist/NBAE via Getty Images)

Rockets Acquire Jermaine Taylor and Chase Budinger

On June 26, 2009 the Rockets purchased Jermaine Taylor from the Wizards and traded a future second-round draft pick to the Pistons for Chase Budinger. (credit: Bill Baptist/NBAE via Getty Images)

Trevor Ariza Signs With The Houston Rockets

Trevor Ariza speaks at a press conference after signing with the Houston Rockets on July 8, 2009 (credit: Bill Baptist/NBAE via Getty Images)

Rockets trade for Hilton Armstrong, Kevin Martin, Jordan Hill, and Jared Jeffries

As part of a 3-team trade, the Rockets traded Joey Dorsey and Carl Landry to the Kings, and Tracy McGrady to the Knicks in exchange for Hilton Armstrong, Kevin Martin, Jordan Hill and Jared Jeffries on February 18, 2010 (credit: Bill Baptist/NBAE via Getty Images)

The Rockets Trade for Gerald Green and Bobby Jackson

On February 24, 2008 the Rockets traded Kirk Snyder and a 2010 draft pick to the Timberwolves for Gerald Green and traded Mike James and Bonzi Wells in exchange for Bobby Jackson, Adam Haluska and a 2008 second-round draft pick. (credit: Bill Baptist/NBAE via Getty Images)

Rockets Draft Patrick Patterson

Patrick Patterson and Daryl Morey hold up his new jersey during a press conference after he was drafted by the Rockets on June 25, 2010 (credit: Bill Baptist/NBAE via Getty Images)

The Houston Rockets Trade For Courtney Lee

As part of a 4-team trade, the Houston Rockets acquire Courtney Lee from the Nets in exchange for trading Trevor Ariza to the Hornets on August 11, 2010. (credit: Troy Fields/NBAE via Getty Images)

Rockets Trade Aaron Brooks For Goran Dragic

The Rockets traded Aaron Brooks to the Suns for Goran Dragic and a 2011 first round draft pick on February 24, 2011. (credit: Bill Baptist/NBAE via Getty Images)

Rockets 2011NBA Draft

In the 2011 NBA Draft on June 23, 2011 the Rockets selected Marcus Norris (R), Nikola Mirotic (C), and Chandler Parsons (L). (credit: Bill Baptist/NBAE via Getty Images)

Rockets Trade for Jonny Flynn and Donatas Motiejunas

(L-R) Jonny Flynn, with new draft picks Chandler Parsons, Nikola Mirotic and Marcus Morris on June 24, 2011. Brad Miller, Mirotic, and Chandler Parsons and a future 1st round draft pick would be traded to the Timberwolves for Flynn and Donatas Motiejunas. (credit: Bill Baptist/NBAE via Getty Images)

Jeremy Lin Signed as a Free Agent

On December 12, 2011 Jeremy Lin is signed as a Free Agent, but was ultimately cut by Daryl Morey. (credit: Bill Baptist/NBAE via Getty Images)

Rockets Trade for Marcus Camby

On March 15, 2012 the Rockets traded Jonny Flynn, Hasheem Thabeet, and a future 2nd round pick the the Trail Blazers for Marcus Camby (credit: Barry Gossage/NBAE via Getty Images)

Rockets Trade for Terrence Williams

As part of a 3-team trade, the Rockets traded a 2012 first-round draft pick to the Nets and Sergei Lishouk to the Lakers in exchange for Terrence Williams on December 15, 2010. (credit: Bill Baptist/NBAE via Getty Images)