2:13pm: A source tells Sam Amick that everyone should "slow down" on the Dalembert rumblings, which are coming from other teams rather than the Rockets (Twitter link). Jonathan Feigen of the Houston Chronicle also hears that a deal is "not happening" at the moment (Twitter link). Still, Steve Kyler of HoopsWorld says it sounds like Houston is "really open for business," even beyond Dalembert (Twitter link).
1:46pm: SI.com's Sam Amick (Sulia link) suggests the Rockets are shopping Dalembert and a first-rounder in an attempt to move up in the draft, rather than to acquire a veteran.
12:44pm: The Rockets have a trade in the works that would see them move Samuel Dalembert and possibly a first-round pick (No. 16), tweets Steve Kyler of Hoops World. It's unclear which team is in negotiations with the Rockets.
Dalembert can be bought out of the final year of his contract for $1.5MM, but because it's a non-guaranteed year rather than a team option, he can still be traded. If Houston doesn't move Dalembert, the team will have until July 8th to make a decision on whether to lock him in for next season at $6.7MM or waive him and save about $5.2MM. The big man told HoopsWorld today that he hasn't been informed yet of the team's decision, but that he hopes to return to Houston.
The Rockets have been rumored to be exploring the possibility of trading one or both of their first-round picks for veteran players. There were rumblings that the club could try to trade both picks in a package for a star, but if only Dalembert and the 16th pick are on the table, the return is unlikely to be massive.