The Rockets have officially signed Greg Smith to a three-year contract, according to Jonathan Feigen of the Houston Chronicle. The deal is worth the pro-rated portion of the rookie minimum this season, is partially guaranteed for year two, and has a team option for the third year. The team waived Jeff Adrien to clear a roster spot.
Smith, 21, had averaged 16.8 points, 8.3 rebounds and a .677 FG% in 18 games for the D-League's Rio Grande Valley Vipers this season. The Fresno State product, who spent time with the Rockets during training camp, was drawing interest from around the league, Feigen adds.